Perth, Mar 27, 2017 AEST (ABN Newswire) - Cardinal Resources Limited (ASX:CDV) (OTCMKTS:CRDNF) ("Cardinal" "the Company") is pleased to announce that Van Eck Corporation ("Van Eck") from New York, USA has increased its holding in Cardinal.

Van Eck held an equity position of 7.42% and has now increased its holding to 8.49% buying on market since Cardinal's "Interim Metallurgical Update" was announced on the ASX platform.

Archie Koimtsidis, CEO/MD of Cardinal, said:

"We are very pleased with Van Eck's continued support in Cardinal as a key institutional investor and a substantial shareholder of the Company.

"In particular, we would also like to thank their Technical Team and most Senior Management.

"Their shareholding supports the tremendous potential of our Namdini Project."


About Cardinal Resources Ltd

Cardinal Resources Ltd (ASX:CDV) (TSE:CDV) (OTCMKTS:CRDNF) is an African gold-focused exploration and development company which holds interests in tenements within Ghana, West Africa. The Company is focused on the development of the Namdini project through a resource expansion drilling programme, pre-feasibility studies, detailed metallurgical test work, and process flowsheet studies. Exploration activity is also underway on the Company’s Bolgatanga and Subranum Projects.

For more information on the Company, Investors should review the Company’s filings that are available at http://www.sedar.com

 


Contact

Archie Koimtsidis
Managing Director
Cardinal Resources Limited
P: +233-26-190-5220
Skype: cardinal.archie



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