Stocks

K Sera Sera ups stake in Citigold to 8.77%

Our Bureau Coimbatore | Updated on June 02, 2011




K Sera Sera Ltd has, through its wholly-owned subsidiary K Sera Sera Holdings Pvt Ltd (KSSA), has successfully subscribed to equity shares of Citigold Corporation Ltd (Citigold), a gold producer in North Queensland, Australia controlling a gold mine having a JORC-compliant resource base of 10 million ounces (311 tonnes).

KSSA has now subscribed to 37.5 million equity shares amounting to an investment of A$ 3.375 million, becoming the single largest shareholder of Citigold having invested a total amount of A$ 10.3 million and as on date holds 9,69,51,372 shares representing 8.77 per cent of Citigold share capital.

Published on June 02, 2011

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor