News: MZI Resources adds Slade Technologies as substantial shareholder

MZI Resources (ASX:MZI) has received a notice of initial substantial shareholding from Slade Technologies with a 5.6% interest.

Slade had acquired 65 million shares in the company for a total of $390,000, or $0.006 per share, bringing its total holding up to 156,061,359 shares.

MZI had earlier this month noted that Stirling Resources has sold its entire shareholding of 581.8 million shares, or 20.9% of MZI shares, to a mix of institutional funds, high net worth investors and the company’s management and staff.

Stirling is a wholly-owned subsidiary of Austrian metal trading group DCM DECOmetal GmbH, which is liquidating its Australian assets.

The company is close to securing financing to commence development of its Keysbrook Mineral Sands Project in Western Australia.