British investor raises Nord Resources stake [Jean-Raymond Boulle]
biz.yahoo.com
WASHINGTON, Dec 1 (Reuters) - A group led by Jean-Raymond Boulle, a British citizen residing in Monaco, said on Tuesday it raised its stake in mining company Nord Resources Corp (NYSE:NRD - news) to 31.3 percent, or 6,862,800 common shares.
The group, which included MIL (Investments) S.A., previously held a 28.44 percent stake, or 6,230,100 shares.
In a filing with the U.S. Securities and Exchange Commission, the group said it bought 632,700 shares from November 23-27 at prices ranging from $1.0000 to $1.625 per share.
Nord, based in Albuquerque, N.M., mines rutile and ilmenite in Sierra Leone, West Africa, and produces copper and explores for other minerals in Australia, Papua New Guinea, Mexico, Canada and the United States.
Boulle is the indirect beneficial owner of about 40 percent of America Mineral Fields Inc (Toronto:AMZ.TO - news), which is in preliminary discussions relating to a possible business combination involving Nord, the filing said. |
