Bridgevale issue oversubscribed
Many potential subscribers in the Bridgevale Mining. Ltd, float of 4.1 M ordinary shares at 50c par will miss out when the issue opens today. The chairman (Mr A. J. Wakefield) said that the stock exchange would be informed that the issue will open and close immediately “substantially over-subscribed.”
“There will be many unsatisifed subscribers and other investors will have their applications scaled down,” he said. The allotment will be made at the first directors’ meeting in Auckland on December 5, and the company should be listed before the end of the year.
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Press, 28 November 1980, Page 8
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96Bridgevale issue oversubscribed Press, 28 November 1980, Page 8
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