CBA became a substantial shareholder of Cardinal on 18 May 2017 with an ordinary shareholding of 5.01%.
Archie Koimtsidis, MD/CEO of Cardinal, said:
"We welcome CBA and their team at Colonial First State as a substantial shareholder of the Company. Their investment confirms the tremendous potential of our Ghanaian Projects."
About Cardinal Resources Ltd
The Company’s Namdini Project has a declared 4Moz Maiden Gold Resource which is open. The Company is focused on the development of the Namdini project through a resource expansion drilling programme, prefeasibility studies, detailed metallurgical test work and process flowsheet studies. Exploration activity is also underway on the Company’s Bolgatanga and Subranum Projects.
Commonwealth Bank of Australia
Cardinal Resources Ltd