Dynamic Fund held an equity position of 9.07% and has now increased its holding to 10.85% buying on market since Cardinal's recent "Interim Metallurgical Update" was announced on the ASX platform.
Archie Koimtsidis, CEO/MD of Cardinal, said:
"We are very pleased with Dynamic Funds 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 a 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, which will form the basis of a Preliminary Economic Assessment ("PEA") which is in progress.
Exploration programmes are also underway at the Company’s Bolgatanga (Northern Ghana) and Subranum (Southern Ghana) Projects.
Cardinal Resources Limited
P: + 61-418-769-579
Cardinal Resources Ltd (ASX:CDV) (TSE:CDV) Updated Technical Report Relating to Namdini Project Filed