Bellevue Gold Ltd (ASX:BGL) has had Regal Funds Management lodge an initial substantial shareholder notice.
Regal has purchased 28.79 million shares for a 5.05% stake in the company, building its stake from May 2019.
Regal is a specialist alternatives investment manager founded in 2004.
It is one of Australia’s leading investment managers servicing a wide range of institutional investors and high net worth individuals.
Six drill rigs on site
Bellevue recently secured $35 million in funding for continued exploration drilling over the September and December quarters.
There are six diamond core rigs on site and drilling over the coming quarters will focus on step-out resource growth, infilling, and new near-mine discoveries.