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Macquarie Bank sells down holding in Vimy Resources

Vimy Resources Ltd. said June 13 that Australia's Macquarie Bank Ltd. sold down its substantial holding in the company from 8.74% in early May to below 0.1%. The shares have been placed with institutional and retail investors.

Macquarie provided funding for the early drilling programs and studies that established the Mulga Rock uranium project in Western Australia, the company added.