Pacific Islands Monthly
The news magazine of the South Pacific · since 1930
Pacific Islands Monthly, 1 February 1991Vol. 61, No. 2

Fiji gold group

p. 34 · Read in the full issue

Page 3434

back to one owner

WESTERN Mining Corp Holdings Ltd has sold its Fijian gold inter ests to joint venture partner Emperor Mines Ltd. But WMC will retain an interest by taking up just under 10 per cent of Emperor’s issued capital.

Emperor will acquire Western Mining Corp (Fiji) Ltd for an immediate pay ment of AS2 million (USSI.S4 million), a further SF6 million (USS4.I million), and 5.44 million fully paid 10c shares in Emperor. According to a statement, a decision had been made to simplify operations by reverting to single owner ship. Analysts believe it was also a result of WMC disappointment that neither mine lived up to expectations. □

Digitised by the National Library of Australia · OCR text via GLAM Workbench · uncorrected OCR, expect errors
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