MINING.
GOLDEN POINT COMPANY,
At a largely-attended meeting of shareholders of the Golden Point Gold and Scheelite Company, in Christchurch, to consider proposals for raising capital to enable mining operations to be resumed, it was resolved practically unanimously that the shareholders themselves raise the necessary amount, a proportion of which it was resolved to subscribe within three weeks, to enable, development work to be commenced at as early a date iis possible. As part of the major scheme, it wasi resolved to issue £3000 of unissued capital, bearing a cumulative preference of 8 per cent, the present subscribed, capital of £32,000 being written flown to £16,000. Shonld the amount necessary to enable the development work to bo commenced nnt bf forthcoming within three weeks, the offer of one of the mining nrsnniniHions to find-the necessary sum would be accepted.
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Bibliographic details
Auckland Star, Volume LXIV, Issue 211, 7 September 1933, Page 4
Word Count
139MINING. Auckland Star, Volume LXIV, Issue 211, 7 September 1933, Page 4
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