Companies

Crescent Gold clarifies position on association

Crescent Gold has clarified that it would ignore any votes cast on by Focus and its associates at a meeting to be held in Perth on Thursday.

Brad Hatch

Updated Aug 18, 2011 – 4.33am, first published at Aug 17, 2011 – 4.49pm

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Crescent Gold , the takeover target of fellow West Australian gold junior Focus Minerals , clarified that it would ignore any votes cast on by Focus and its associates at a meeting to be held in Perth on Thursday.

Crescent shareholders are being asked to approve loans from Focus worth $13 million being converted into additional shares and options in the company which would increase Focus’s holding in Crescent.