Guinea Gold’S Future
p. 77 · Read in the full issue
HAVING “found impossible for practical purposes” a distribution of the shares held by the company in the Bulolo Gold Dredging, Ltd., the directors of Guinea Gold, N.L., will seek shareholders’ ap proval of an alteration in the articles of association.
The alteration would have the effect of limiting future mining activities, with a view to conserving the Bulolo share holding as an invested fund until share holders decide otherwise.
The directors state that the taxation authorities have decided not to permit the distribution of the Bulolo shares with immunity from taxation.