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  • Minera Gold Adds Slade Technologies As A Substantial Shareholder With A 7.24% Stake 0 comments
    Apr 27, 2014 8:09 PM

    Minera Gold (ASX: MIZ) has received a notice of initial substantial shareholder from Slade Technologies Pty Ltd ATF The Embrey Family Superfund with a 7.24% stake in the company.

    This follows Slade acquiring 45,501,606 shares for $145,605, or an average of $0.032 per share, on 17 April 2014.

    It now holds 79,110,696 shares in Minera.

    The company had recently secured US$7 million in funding, consisting of US$5 million from SilverStream SEZC under a gold streaming agreement and A$2.1 million from a convertible loan.

    This recapitalises the company and will fund all capital requirements to complete the planned expansion of the Torrecillas Gold Project in Southern Peru.

    Torrecillas had a defined maiden JORC resource delivered Jan 2012 of 102,100 ounces of gold at an average grade of 16.1 grams per tonne gold.

    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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