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GOLD RESOURCES LIMITED (GRL)

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taken over by Otter Gold Mines Limited

27/03/1996

we understand shareholders were entitled to 6 participating equity receipts (PERs) each of which represented beneficial ownership of one fully paid ordinary share in Otter Gold Mines Limited, for every 100 Gold Resources shares and in addition shareholders also received one fully paid ordinary share in listed explorer Spectrum Resources Ltd, for every four Gold Resources shares

27/03/1996

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