2 July 1998: Australian gold mining firm, Sons of Gwalia, is expected to spend A$ 20 million tidying its share register after its merger with Gwalia Consolidated, according to chairman, Peter Lalor.
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2 July 1998: Australian gold mining firm, Sons of Gwalia, is expected to spend A$ 20 million tidying its share register after its merger with Gwalia Consolidated, according to chairman, Peter Lalor. Lalor says the firm will buy back 5 million shares or 4.5% of the firm, cancelling the acquired shares, since the merger resulted in a large number of shareholders with small holdings in the firm. Lalor says the move takes advantage of the fall in gold stocks.