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$33 million bid for Pamour Inc.

$33 million bid for Pamour Inc.

Royal Oak Resources Ltd. of Vancouver is expected to pay $33 million to Australian-based Giant Resources Ltd. for Pamour Inc.

The sale, which is expected to close on or before Sept. 27, includes the ERG Resources gold-from-tailings recovery mill in Timmins.

According to the Canadian Mines Handbook, the company also holds a 41.8-per-cent interest in Giant Yellowknife Mines Ltd. and 40 per cent in Pamorex Minerals Inc. - which owns several properties in the Timmins area.
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Title Annotation:Mining News
Publication:Northern Ontario Business
Date:Aug 1, 1990
Words:82
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