Crunch meeting for cinema.
THE fate of an iconic cinema could be decided at a special shareholders meeting next month.
Since its closure in January last year film buffs have been trying to save the Coliseum Cinema in Porthmadog.
Campaigners are hoping to secure pounds 100,000 in an effort to bring the cinema back to life.
A feasibility study has been commissioned and details will be outlined at the meeting, which is to take place at the Ganolfan community centre on July 11 at 7.30pm.
Aled Jones, chairman of the Friends of the Coliseum, said the meeting is open only to Coliseum shareholders.
"In this important meeting the findings of the feasibility study will be discussed and the Friends of the Coliseum will present the shareholders with their ideas for the future of the Coliseum," he said.
He urged anyone who thinks they may own shares in the Coliseum to get in touch, whether they are able to attend the July meeting or not, pointing out: We have been working diligently on updating the shareholder index for over a year and have found many of the original shareholders. But there are thousands of individual shareholders that remain unidentified and we'd love to hear from as many as possible. So if you think you are a shareholder or if you know someone who may own shares, please get in touch so we can check details.
The Coliseum was run by Welshpool-based Paramount Picture Theatres until 1984. A new company was created offering pounds 1 shares, and succeeded in raising the pounds 45,000 needed to purchase the building.
Rescue hope: The Coliseum Cinema in Porthmadog