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  • Minerals Corporation Adds Substantial Shareholders 0 comments
    Oct 15, 2013 7:48 PM

    Minerals Corporation (ASX:MSC) has received notifications of initial substantial shareholding from Oakhurst Enterprises Pty Ltd and Gary Steinepreis as well as N&J Mitchell Holdings Pty Ltd and Linda Steinepreis.

    Oakhurst/Gary have 66,333,333 shares, or 10.06%, while N&J/Linda have 55,911,167 shares, or 8.48%.

    Oakhurst paid $58,000 for 19,333,333 shares on 14 October 2013 while N&J and Linda acquired a total of 17,911,167 shares for $53,733.

    Gary, a director of Oakhurst, is also the chairman of New Horizon Coal (ASX: NHO) and company secretary for AVZ Minerals (ASX: AVZ).

    The company is focused on evaluating and testing a range of highly prospective copper targets identified within the Luishia, Kipita and Sakania East Project areas in the Democratic Republic of Congo.

    Notably, Luishia is adjacent to Tiger Resources' (ASX: TGS) Kipoi project, that produced 12,123 tonnes of copper in concentrate during the September 2013 quarter.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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