Offer for Pine Vale
A take-over offer is in the .pipeline for Pine Vale Mines, Ltd. The potential bidder is [not Winthrop Investments, Ltd, however, which bought about 6 per cent of Pine Vale last week. Pine Vale’s parent, International Mogul Mines, Ltd. of Canada, is negotiating to sell it’s 62 per cent interest in the com-; pany. The offer price indie-; ated by the prospective j buyer was expected to be; between 26c and 28c. Pine! Vale closed on Wednesday' at 22c, on the Sydney Stock! Exchange.
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Bibliographic details
Press, Volume CXVI, Issue 34132, 20 April 1976, Page 20
Word Count
88Offer for Pine Vale Press, Volume CXVI, Issue 34132, 20 April 1976, Page 20
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