A subsidiary of miner Hancock Prospecting has taken a A$7.87-million stake in ASX-listed Catalyst Metals.
Catalyst on Wednesday reported that Gold Exploration Victoria has agreed to subscribe for 3.5-million fully paid ordinary shares, at a price of A$2.25 each, giving Catalyst’s joint venture partner in the Four Eagles gold project a 14.8% stake in the company, elevating it to the largest shareholder.