MacDonald Mines makes bid for Bresea

Article Abstract:

MacDonald Mines Exploration Ltd. has offered to buy some or all of the assets of Bresea Resources Ltd. Bresea's assets include C$26-million in cash, interests in some Indonesia properties and ownership of Bre-X's office building in Calgary, Alberta. Since May 1997, Bresea has been under court protection, due to its collapse following the declaration of Bre-X's supposedly gold property in Indonesia, as fraud. Bresea holds a 22.3% stake in Bre-X. MacDonald Mines' proposed acquisition of the company still has to be approved by the court.

Comment:

Has offered to buy some or all of the assets of Bresea Resources

Asset sales & divestitures, Acquisitions & mergers, Gold Mines, Gold Ore Mining, Gold mining, Article, Bresea Resources Ltd., MacDonald Mines Exploration Ltd.

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TD makes move into charity foundation business

Article Abstract:

Toronto-Dominion (TD) Bank is creating a private foundation for clients as a source of funding for donations, as it is making a big move into Canada's charitable sector. Bank clients would be able to make donations, receive tax receipts and help direct where gifts from the endowment should go.

Commercial Banks, Public affairs, Social aspects, Banking industry, Toronto Dominion Bank

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