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Oklo Resources' substantial shareholder Resolute Mining increases holding to 10.79%

West African gold producer Resolute has made another on-market purchase after recently increasing its holding through two on-market purchases and placement participation.

Oklo Resources Ltd - Oklo Resources' substantial shareholders Resolute Mining increases holding to 10.79%
Oklo continues to grow its West African gold inventory

Oklo Resources Ltd (ASX:OKU) substantial holder and fellow West African gold player Resolute Mining Ltd (ASX:RSG) has further boosted its holding in the company to 10.79% from 9.79%.

The change was made through an on-market purchase on August 11 of more than 5.036 million shares worth more than $1.498 million.

Resolute now holds 54,332,752 shares in the company.

Three transactions to increase holding

This follows the move made on August 5 by Resolute in increasing its stake in the company through three transactions.

Resolute made on-market purchases of more than $1.557 million and of $1.5 million as well as placement participation.

In the placement, the West African gold producer purchased more than 2.487 million shares valued in excess of $796,000.

Quick facts: Oklo Resources Ltd

Price: 0.225 AUD

Market: ASX
Market Cap: $113.3 m

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