Meteoric Resources NL (ASX:MEI) (FRA:RNF) shareholder Tolga Kumova has increased his stake after the company recently reported seeing visible gold at Dona Maria prospect during drilling at Juruena Gold Project in Brazil.
Mining entrepreneur Kumova added 29.5 million shares to increase his overall shareholding to 118.5 million shares.
The increased stake saw the Young Rich lister and former stockbroker’s stake in the company increase from 10.61% to 12.13%.
Monash University-educated Kumova is the non-executive chairman of European Cobalt Ltd (ASX:EUC) (FRA:28W).
He was previously managing director of Syrah Resources Ltd (ASX:SYR) (FRA:3S7) (OTCMKTS:SYAAF) and a former corporate director of New Century Resources Ltd (ASX:NCZ).
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