12 February 1998: As part of a broad-ranging restructuring plan, Gwalia Consolidated is set to be merged with the Western Australian gold mining company, Sons of Gwalia, which itself owns 20% of Gwali…
12 February 1998: As part of a broad-ranging restructuring plan, Gwalia Consolidated is set to be merged with the Western Australian gold mining company, Sons of Gwalia, which itself owns 20% of Gwalia. Gwalia Consolidated would distribute its 18% stake in Sons of Gwalia to its shareholders. The details of the restructuring package announced on 30 January 1998, include the issue of two Sons of Gwalia shares and A$ 0.70 cash for every seven Gwalia Consolidated shares, with the shares coming from Gwalia Consolidated“s stake in Sons of Gwalia.