MOUNT REX TIN MINI NG COMPANY.
We learn that the Launceston directors ,of tha Mount Rex Tin Mining Company (No Liability), as the result of negotiations, have offered to grant an option over their property on the following terms : — This company to receive £50,000 cash and a one-fifth interest fully, paid up in any company or companies; not less than £20,000 cash to be provided as a working capital; one month from 10th July allowed! for inspection and the payment of a deposit of £2000 ; eight months allowed from 10th July to complete purchase, and pay the balance of: cash— namely, £18,000, and deliver to the company scrip fully paid up for a one-fifth interest in any company or companies formed;' all money expended during this option of purchase to be refunded to this company;' a colonial register to be opened for the company. The deposit, £2000, to be forfeited to 1 this company if balance of money and shares are not handed over within the specified time*
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Bibliographic details
Otago Witness, Volume 02, Issue 2420, 2 August 1900, Page 20
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168MOUNT REX TIN MINING COMPANY. Otago Witness, Volume 02, Issue 2420, 2 August 1900, Page 20
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