Investor Pierre Lassonde has increased his stake in Vancouver-headquartered Prime Mining, which is advancing the past-producing Los Reyes gold and silver project in Mexico.
Lassonde recently bought two-million shares of Prime through the facilities of the TSX-V, which increased his direct holding to 143 000 shares. He indirectly holds seven-million shares and three-million warrants of the company.
The direct and indirect shareholdings represent about 11.85% of the current issued and outstanding shares of the company.
Prime Mining’s stock rose 6.30% on Monday, closing at C$2.70 apiece, giving the company a market capitalisation of C$231.05-million.