Cardinal Resources Ltd Stock Market Press Releases and Company Profile
Van Eck Corporation Increases Holding to 8.49%
Van Eck Corporation Increases Holding to 8.49%

Perth, Mar 27, 2017 AEST (ABN Newswire) - Cardinal Resources Limited (googlechartASX:CDV) (googlechartCRDNF:OTCMKTS) ("Cardinal" "the Company") is pleased to announce that Van Eck Corporation ("Van Eck") from New York, USA has increased its holding in Cardinal.

Van Eck held an equity position of 7.42% and has now increased its holding to 8.49% buying on market since Cardinal's "Interim Metallurgical Update" was announced on the ASX platform.

Archie Koimtsidis, CEO/MD of Cardinal, said:

"We are very pleased with Van Eck's continued support in Cardinal as a key institutional investor and a substantial shareholder of the Company.

"In particular, we would also like to thank their Technical Team and most Senior Management.

"Their shareholding supports the tremendous potential of our Namdini Project."


About Cardinal Resources Ltd

Cardinal Resources Ltd (ASX:CDV) (TSE:CDV) (OTCMKTS:CRDNF) is a West African gold exploration and development Company that holds interests in tenements within Ghana, West Africa.

The Company is focused on the development of the Namdini Project with a gold Ore Reserve of 5.1Moz (0.4 Moz Proved and 4.7 Moz Probable) and a soon to be completed Feasibility Study.

Exploration programmes are also underway at the Company's Bolgatanga (Northern Ghana) and Subranum (Southern Ghana) Projects.

Cardinal confirms that it is not aware of any new information or data that materially affects the information included in its announcement of the Ore Reserve of 3 April 2019. All material assumptions and technical parameters underpinning this estimate continue to apply and have not materially changed.

abnnewswire.com 


Contact

Archie Koimtsidis
CEO / MD
Cardinal Resources Limited
P: +61-8-6558-0573

Alec Rowlands
IR / Corp Dev
Cardinal Resources Limited
P: +1-647-256-1922

Warrick Hazeldine
Cannings Purple
E: whazeldine@canningspurple.com.au
P: +61-417-944-616



ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 2) (Last 30 Days: 17) (Since Published: 2892)