Pantoro Ltd (ASX:PNR) substantial holder Robmar Investments Pty Limited has purchased nearly 27.8 million shares through predominantly on-market trades as well as the exercise of options and a share placement.
The increase brings Robmar Investment’s total holding to 177,703,170 shares which represents 20.7% ownership in Pantoro.
READ: Pantoro drills high-grade gold at newly-acquired Grants Creek
Pantoro recently intersected high-grade gold at its Grants Creek Project in the Halls Creek area of Western Australia.
Results feature 5 metres at 9.25 g/t gold from 38 metres at the Perseverance prospect and 2 metres at 11.04 g/t gold from 46 metres at the Star of Kimberley prospect.
Notably, Grants Creek was only recently acquired and is part of Pantoro’s strategy to consolidate prospective ground in the region.