News: Rubianna Resources adds substantial shareholder

Rubianna Resources (ASX:RRE) has received a notice of initial substantial shareholding from Lyell Pty Ltd, which holds a 8.52% interest in the company,
   
Lyell had acquired the 18.5 million shares it holds through Rubianna’s $170,000 placement and subsequent $542,978 fully underwritten rights issue.

It had subscribed for 3 million shares for $30,000 under the placement and 15.5 million shares for $77,500 under the rights issue.

Rubianna recently intersected gold of up to 17.76 grams per tonne gold at its Ruby Anna East prospect northeast of Meekatharra, Western Australia.

It had raised a total of $712,978 through its placement and entitlement offer to fund the ongoing review, evaluation and exploration programs on its existing projects and to review new projects.

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