Bond given go-ahead
.X Z. Press Assn—Copyright/ SYDNEY.
The Federal Government of Australia has given the goahead to the sAust22.lm sale by Bond Corporation Pty, Ltd, of its $18.6m Robe River, Ltd, shares to Burns, Philp and Co., Ltd, and Engelhard Mineral and Chemical Corporation of the United States. Together with the promised consent to the transfer of the Robe River shares by the liquidator of Mineral Securities, Australia, Ltd (Mr J. FL Jamison) and Government approval, the way is how clear for the deal to be submitted to Robe River shareholders for approval.
This will be followed by a $9.6m payment by Burns, Philp-Engelhard, to the Bond Corporation, enabling the company to make an overdue $2.13m progress payment to Mr Jamison, after which a payment of 12c in the dollar, originally due on February 7, will be made to the unsecured creditors of Min.sec.
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Press, Volume CXVI, Issue 34130, 17 April 1976, Page 18
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145Bond given go-ahead Press, Volume CXVI, Issue 34130, 17 April 1976, Page 18
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