Russian billionaire Alexey Mor-dashov's mining company, Nordgold, has increased its > stake in Canadian junior Columbus Gold (TSX: CGT; US-OTC: CGTTF) to 9.96% on a non-diluted basis, and 11.18% if it were to exercise all of its warrants. The Moscow-headquartered company acquired 4.61 million units in a private placement at 20 cents per unit on Jan. 14. Each unit consists of one share and half a warrant, with one full warrant exercisable into a share for 40 cents within a year. Columbus shares traded at 23 cents at press time.
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