West African gold producer Resolute has made another on-market purchase after recently increasing its holding through two on-market purchases and placement participation.
() substantial holder and fellow West African gold player Resolute Mining Ltd () 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.
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