CZR Resources (ASX:CZR) said substantial holder Zuleika Gold (ASX:ZAG) raised its holdings in the company to about 645.3 million shares from about 633.6 million previously, according to a Wednesday filing with the Australian bourse.
Zuleika now has voting power of 62.05%, up from 60.92% previously, per the filing.
CZR Resources shares advanced 5% in recent Wednesday trade, while Zuleika Gold shed 6%.
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