BRE-X, Indonesia, Ashanti Goldfields, Strong Companies. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jay Durell who wrote (3589)	1/14/1997 1:21:00 PM
From: Turk	of 28369

Backing you up again Jay, here is the full text from News Alert. ---------------------------------------------------------------------- Alert: PLACER SAYS BRE-X DEAL WORTH ABOUT US$5 BILLION Reuters Story - January 14, 1997 12:40 VANCOUVER, Jan 14 (Reuter) - Placer Dome Inc said on Tuesday that shareholders of Bre-X Minerals Ltd would end up owning 45 to 55 percent of Placer if a merger of the two companies proceeded under Placer's proposal. Placer said today it proposed a stock swap "merger of equals" that would be accounted as a pooling of interests. Placer chief executive John Willson told reporters that Canadian rules on pooling-of-interests required Bre-X holders to own 45 to 55 percent of the resulting company. Bre-X chief executive David Walsh would become Placer's biggest single shareholder, he said. --------------------------------------------------------------------- Give me more, give me more, I'm still not satisfied - Tom Lehrer, from song "Give me Smut and Nothing but" Or... I can't get no ... hey hey hey ...satisfaction - Rolling (gold) Stones

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next