Metminco Limited (LON:MNC) (ASX:MNC) said it has been informed that Redfield Asset Management Pty Limited increased its holding in the company to 9.83% following share purchases over the past three months.
The dual-listed gold miner said Redfield acquired 1,533,834 fully paid ordinary shares in the company between 23 March 2017 and 9 June 2017 at an average price of A$0.6356 per share.
READ: Metminco sees Lanstead take 20% stake
It added that this has increased Redfield's shareholding from 10,970,464 shares, representing 8.62% of the company's issued share capital as at 3 February 2017, to 12,504,298 shares representing 9.83% of the company's issued share capital as at June 14.
In early trading, Metminco shares in London jumped 15.4%, or 0.5p higher to 3.75p.
Back in February, Metminco revealed that it had a new major shareholder in the shape of financier Lanstead Capital, with a 19.9% holding following a share placing.
The group completed a A$4.85mln placing that will fund the next phase of development at the Miraflores project in Colombia. Lanstead paid A$0.12 for its shares.
Metminco also holds a 49% stake in the Los Calatos copper project in Peru.
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