Van Eck become a substantial shareholder of Cardinal on 30 November 2016 with an equity position of 5.28%, since this time Van Eck has increased its holding to 6.32%.
Archie Koimtsidis, Managing Director 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.
"Their shareholding supports the tremendous potential of our Ghanaian Projects."
About Cardinal Resources Ltd:
Cardinal Resources Ltd (ASX:CDV) is a focused gold exploration and development company with its key assets located in the mineral-rich country of Ghana, West Africa.
Cardinal owns and operates 2 drill rigs and has in country infrastructure which allows it to be a low cost exploration and development company.
Source:
Cardinal Resources Ltd
Contact:
Archie Koimtsidis Managing Director Cardinal Resources Limited P: +233-26-190-5220 Skype: cardinal.archie