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Stonewall Resources gains Hong Kong based fund as a substantial shareholder

Stonewall is focussed on advancing its gold assets in South Africa.

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Stonewall last traded at $0.024

Stonewall Resources Ltd (ASX:SWJ) has received a notice of initial substantial holder from Strong Wealth Development Limited, holding 194 million shares for a 9.26% stake.

A further breakdown of the stake has Strong Wealth with 115.5 million, and Fortune Collections Group Ltd with 78.5 million.

The link is QL Fan is associated with Fortune Collections, and is on the board of Strong Wealth.

Both of the groups are located in Hong Kong.

Stonewall is aiming to transition to a gold producer in South Africa, with its interests located in historical gold mining areas.

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Price: 0.235 AUD

ASX:TGM
Market: ASX
Market Cap: $102.7 m
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