Chaarat Gold Holdings Ltd (LON:CGH) has welcomed new shareholders to its register after it successfully completed a block trade on Friday.
Around 11.6mln shares of fund manager First State Investment Management (UK) were placed at 8.5p - a 1.4% discount to Friday's closing price - and more than half were bought by new shareholders, the group said.
It represented around 3.3% of the Chaarat share capital.
Labro Investments Limited bought 587,647 shares and now holds 32.3% of the firm.
Chaarat chairman Martin Andersson is indirectly beneficially interested in the majority of Labro.
Meanwhile, non-executive director of Chaarat, Martin Wiwen-Nilsson bought 1.15mln shares an now holds 2.4% of the issued share capital.
Elsewhere, Sarastro Group Ltd now has 4.6% of Chaarat following the purchase of 2.55mln shares.