RBC became a substantial shareholder of Cardinal on 13 June 2017 with an ordinary shareholding of 5.0%.
Archie Koimtsidis, MD/CEO of Cardinal, said:
"We welcome RBC and their team as a substantial shareholder of the Company. Their investment confirms the tremendous potential of our Ghanaian Projects."
About Cardinal Resources Ltd
The Company’s Namdini Project has a declared 4Moz Maiden Gold Resource which is open. The Company is focused on the development of the Namdini project through a resource expansion drilling programme, prefeasibility studies, detailed metallurgical test work and process flowsheet studies. Exploration activity is also underway on the Company’s Bolgatanga and Subranum Projects.
Cardinal Resources Ltd