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Oklo Resources continues to attract interest from Canadian institutions

Bank of Nova Scotia has increased its interest in the gold explorer to 9.96%
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Shares reach 12-month high as drilling continues at the Dandoko project in Mali

Oklo Resources Ltd’s (ASX:OKU) substantial shareholder Bank of Nova Scotia has demonstrated its support for the company’s African gold strategy by increasing its stake to 9.96% from 8.87%.

This comes amid a run in the company’s shares, which today peaked at a 12-month high of $0.50, an increase of almost 40% in the past month.

Bank of Nova Scotia-owned funds manager, 1832 Asset Management L.P., has acquired more than 9.38 million shares at an average price of $0.29 to boost its holding.

It now has more than 30.5 million Oklo shares.

READ: Oklo Resources’ shares rise after drilling broad zones of primary gold in Mali

Oklo is drilling at the Seko prospect within the Dandoko Gold Project in Mali.

The phase I program will be completed by end of January 2018.

Dandoko and Oklo’s adjoining Moussala and Kouroufing projects are within the Kenieba Inlier of western Mali.

In prolific gold producing region

The projects are within 30 kilometres from B2Gold’s (TSE:BTO) 5.15 million ounce Fekola project and 50 kilometres from Randgold’s (LON:RRS) 12.5 million ounce Loulo mine.

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