UBS was in the market on Tuesday, seeking buyers for a parcel of Resolute Mining shares.
The block trade, representing 37 million shares of the gold miner, was understood to be on behalf of shareholders whose stock came out of escrow on Monday night post the recent takeover of privately held Toro Gold.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
