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Gold Fields increases Cardinal interest

South Africa-based Gold Fields (SJ:GFI) has lifted its stake in Cardinal Resources (AU:CDV) to 11.2% for A$9.2 million (US$7.2 million).

Gold Fields increases Cardinal interest Gold Fields increases Cardinal interest Gold Fields increases Cardinal interest Gold Fields increases Cardinal interest Gold Fields increases Cardinal interest

Cardinal owns the Namdini gold project in Ghana, which has a 7.4Moz resource base

To increase its interest from the previous 8.8%, Gold Fields acquired 8.2 million shares at A$0.75 per share, representing 2.4% of the stock, and 5 million listed options at A$0.