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Meteoric Resources sees entrepreneur Tolga Kumova up stake to 12%

Kumova is a well-known mining entrepreneur and former stockbroker.

Meteoric Resources NL - Meteoric Resources sees entrepreneur Tolga Kumova up stake to 12%
Kumova purchased the shares at a price of 3.2 cents each

Meteoric Resources NL (ASX:MEI) (FRA:RNF) shareholder Tolga Kumova has increased his stake after the company recently reported seeing visible gold at Dona Maria prospect during drilling at Juruena Gold Project in Brazil.

Mining entrepreneur Kumova added 29.5 million shares to increase his overall shareholding to 118.5 million shares.

The increased stake saw the Young Rich lister and former stockbroker’s stake in the company increase from 10.61% to 12.13%.

Monash University-educated Kumova is the non-executive chairman of European Cobalt Ltd (ASX:EUC) (FRA:28W).

He was previously managing director of Syrah Resources Ltd (ASX:SYR) (FRA:3S7) (OTCMKTS:SYAAF) and a former corporate director of New Century Resources Ltd (ASX:NCZ).


Quick facts: Meteoric Resources NL

Price: 0.047 AUD

Market: ASX
Market Cap: $52.72 m

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Meteoric Resources hits more bonanza-grade gold at Juruena project in Brazil

Meteoric Resources NL (ASX:MEI) managing director Andrew Tunks updates Proactive on more "thrilling" bonanza-grade drill results from the Juruena Gold Project in Brazil, following similar earlier results from the maiden drill program. Latest assays have returned up to 14 metres at 81.7 g/t...

on 15/10/19

2 min read