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GOLDEN MOUNT.

[ A meeting of shareholders in the Golden Mount G.M. Company*was held yesterday afternoon in the offices of Messrs Lusk and Kathbone, Shortland-street, Mr E. W. Alison presiding. The meeting was called to discuss the question of amalgamation with the Golden Falls special claim. A letter was read from Messrs Bewick, Moreing and Co., who hold an option over the two properties, stating that they desire to amend the terms of the option over the properties. By the amended terms the Golden Mount shareholders get 40,000 shares in the Company to be formed while under the old agreement they were to receive £5,000 cash and 50,000 shares. The desirability of amalgamation with the Golden Falls was affirmed, on terms more satisfactory than are at present offered by the terms of the option, and a Committee with full power to act was appointed to carry out the amalgamation.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AS18971106.2.12.1

Bibliographic details

Auckland Star, Volume XXVIII, Issue 258, 6 November 1897, Page 3

Word Count
148

GOLDEN MOUNT. Auckland Star, Volume XXVIII, Issue 258, 6 November 1897, Page 3

GOLDEN MOUNT. Auckland Star, Volume XXVIII, Issue 258, 6 November 1897, Page 3