Runa ventures in oil and gas industry

CHILEAN finance company Runa Investments has revealed it now has a substantial shareholding in dual-listed junior explorer L&M Energy – its first venture outside of the minerals industry.

The ASX and NZX earlier this week disclosed that Santiago-based Runa had purchased 36,666,666 shares, at 9c per share, for a 12.78% stake in L&M.