Van Eck Associates Corp increased Position in Asanko Gold Inc

Van Eck Associates Corp has filled a SC 13G/A form regarding Asanko Gold Inc . Filing Link: 000086917816000165. Per Van Eck Associates Corp’s filing, the filler reported increased stake in the company by 25.19 % to 19,724,307 shares. Van Eck Associates Corp now owns 10.01% of the company. This form was required due to trading activity on May 3, 2016.

The $30.53 billion institutional investor looks more positive after such an increase of Asanko Gold Inc’s position.

Form 13G is used when the filer owns between 5% and 20% of the company and plans to hold it only as a passive investor. If the filler intend to exert control and if the stake’s size exceeds 20%, then a 13D must be filed. Therefore, activist investors and practices such as: hostile takeovers, company breakups, and other “change of control” events, are not permitted by 13G filers.

Van Eck Associates Corp website.

The post Van Eck Associates Corp Bought Asanko Gold Inc’s Shares appeared first on Octafinance.