Vatukoula Gold Mine placing blocked
Smaller companies
by Robert Lindsay
Vatukoula Gold Mines lost 0.06p to 0.66p after rebel shareholder Walter Berukoff, a Canadian
mining tycoon, used his 18 per cent stake to block a proposal to allow the board to raise cash
with a share placing.
Mr Berukoff said: “I have no confidence the management would have used the money wisely. I
want either a change of management or the sale of Vatukoula to a company with an established
record in the mining field.”
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