Cons. Gold Fields Buys Into Renison
(N.Z. Press Association—Copyright)
SYDNEY, Feb. 6.
Consolidated Gold Fields Australia, Ltd., has paid 1,944,000 dollars for a further parcel of shares
in Renison, Ltd., the Tasmanian tin miner. Gold Fields has bought 259,200 Renison shares at 750 c each from a bank nominee company. Directors of Gold Fields declined to name the previous beneficial owner of the shares. Unofficial reports suggested that the Patino tin interests were the vendors, but representatives of Patino companies in Australia declined to comment. In October, 1963, Patino Mining Corporation made an unsuccessful take-over bid for Mount Lyell, mainly with the object of acquiring the Renison tin interests. At that time the price of Renison shares was only about 140 c.
The parcel bought by Gold Fields represents 8 per cent Renison was already a partly shares.
Renison was already a partly owned subsidiary of Gold Fields.
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Bibliographic details
Press, Volume CVI, Issue 31289, 8 February 1967, Page 17
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148Cons. Gold Fields Buys Into Renison Press, Volume CVI, Issue 31289, 8 February 1967, Page 17
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