AIM-quoted Mosman is a shareholder in Norseman, formerly GEM International Resources.
Norseman now intends to rename further, to Norseman Silver Inc, after securing its first interest in an exploration project and the completion of a C$450,000 capital raise.
In a stock market statement, Mosman noted that Norseman’s activities have resulted in an appreciation of the Norseman share price.
Mosman subsequently sold 1.25mln Norseman shares, leaving the company with 510,000 remaining Norseman shares.
In London, Mosman shares rose by 9.67% to change hands at 0.2p.