Mining purchase
Minoil Securities said one institution had bought 10 per cent of its holding in the miner, Sons of Gwaiia, for sAustls.7s million (SNZ2O.4IM) as part of a portfolio rationalisation. Mr Peter Pedley, investment director of the Minoil parent Clayton Robard, said the Austs2sc a share paid on market for the three million shares was “good in the circumstances.” Minoil was now open to offers for its remaining 1.7 million Sons of Gwaiia shares, which represent about 5.5% of the gold miner’s issued capital.
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Press, 26 July 1989, Page 31
Word Count
85Mining purchase Press, 26 July 1989, Page 31
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