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Tanzania 101

Becoming a substantial holder

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Becoming a substantial holder

Marvel Gold Limited has announced that Deutsche Balaton Aktiengesellschaft, VV Beteiligungen Aktiengesellschaft, DELPHI Unternehmensberatung Aktiengesellschaft, and Wilhelm K.T. Zours have become substantial holders in the company. They collectively hold a voting power of 66,951,853 shares, representing 11.56% of the total votes. Deutsche Balaton Aktiengesellschaft, VV Beteiligungen Aktiengesellschaft, and DELPHI Unternehmensberatung Aktiengesellschaft hold 41,666,667 shares each, while Wilhelm K.T. Zours holds 66,951,853 shares. The acquisitions were made between June and August 2021, with consideration paid ranging from $0.0490 to $0.0600 per share. These entities are associates of the substantial holder due to their shareholding and ownership relationships. Their addresses are located in Heidelberg, Germany. So I'm sorry I can't summarize that in 100 words/

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