MF2 - part of Orion Mine Finance, which has $1.4 billion under management - had acquired 38,982,062 shares priced at $0.16 per share, or a total of $6.24 million, in the company through its recent $8.8 million placement.
This increased its total holding up to 60,034,692 shares.
The company had raised the funds to complete the Bankable Feasibility Study on its Nimbus silver-zinc-gold project near Kalgoorlie, Western Australia.
Nimbus is located just 10 kilometres east of Kalgoorlie's superpit and has a defined high grade Ore Reserve of 1.1 million tonnes at 297 grams per tonne silver equivalent.
Extensive drilling campaigns are underway in preparation for a significant reserve-resource update.
Nimbus remains on track for production and cashflow in CY15.
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.