Ruane moves into Eshuys' orbit with NTM investment

ASX resource sector entrepreneur Dr Michael Ruane has lent A$1.5 million to Empire Resources for it to invest in NTM Gold, a gold explorer near Leonora in Western Australia that’s already backed by Ed Eshuys’ DGO Gold and which is currently in the process of raising funding totalling nearly $3.9 million.

Ruane moves into Eshuys' orbit with NTM investment Ruane moves into Eshuys' orbit with NTM investment Ruane moves into Eshuys' orbit with NTM investment Ruane moves into Eshuys' orbit with NTM investment Ruane moves into Eshuys' orbit with NTM investment

Empire Resources' investment will see it hold nearly 9% of NTM, with DGO having a stake of about 12%.  

Other shareholders in NTM include Ausdrill, which prior to the raising held 8%.