Counter move
Australian company, Claremont Petroleum PL, has decided to place 4,693,333 of its ordinary shares with NZ Goldfields. The offer comprises 4,048,402 fully paid ordinary 25c shares at sAustl.Bs a share and 644,931 ordinary 25c shares paid to 20c at sAustl.Boc a share in the capital of the company. It is understood the share placement is a defensive move by Claremont in an attempt to avoid take-over.
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Bibliographic details
Press, 4 July 1985, Page 28
Word Count
68Counter move Press, 4 July 1985, Page 28
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