Stake in PGM
NZPA-AAP Sydney The Australian miner. United and Commercial Holdings, Ltd, has taken a 15.2 per cent stake in Platinum Group Metals nl in New Zealand. UCH holds 5.1 million shares or 15.2 per cent of POM’S issued capital and has a five-year option to increase its shareholding by 5.5 million shares which will represent 27.2 per cent of
PGM’s expanded issued share capital.
PGM will list in New Zealand on February 9, offering 14 million shares at 50c each, or 41 per cent of issued share capital.
PGM has alluvial platinum and gold prospects in potentially economic grades, according to consultant geologists to PGM.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19870113.2.131.6
Bibliographic details
Press, 13 January 1987, Page 26
Word Count
107Stake in PGM Press, 13 January 1987, Page 26
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.