Cardinal Resources Limited (ASX:CDV) (OTCMKTS:CRDNF) ("Cardinal" or the "Company") is announcing that Gold Fields Limited (JSE:GFI) (NYSE:GFI) ("Gold Fields") has become a substantial shareholder of Cardinal through on-market purchases.

Gold Fields became a substantial shareholder of Cardinal on 3 April 2017 with an ordinary shareholding of 6.4%.

Further, the Company advises that Gold Fields is, or is entitled to be, the registered holder of 24,887,425 listed options in Cardinal (ASX.CDVOA), which has also been acquired through on-market purchases. On a fully diluted basis Gold Fields would hold 10.35%.

Archie Koimtsidis, MD/CEO of Cardinal, said:
"We acknowledge Gold Fields as a substantial shareholder of the Company. Their investment confirms the tremendous potential of our Ghanaian Projects."


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
MD/CEO
Cardinal Resources Limited
P: +61-8-6558-0573
Skype: cardinal.archie



Link: Gold Fields Becomes Substantial Holder



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