FDL flinders diamonds limited

might explain price weakness

  1. 325 Posts.
    BARRY SELLS SHAREHOLDING IN FLINDERS DIAMONDS
    Flinders Diamonds Limited (Flinders) announced yesterday that the US based shareholder, Mr Patric
    Barry, has ceased to be a shareholder of the Company with the recent disposal of 4,000,000 shares. Mr
    Patric Barry is President of Tiger International Resources Inc (Tiger) and was a defendant in a recent
    South Australian Supreme Court case between Flinders and Mr Barry and his associates.
    Apart from Mr Barry’s personal sales, in a recent press release to the Canadian Stock Exchange Tiger
    stated that: “The Company intends to sell its shareholding in Flinders”.
    Tiger added that the payment of costs awarded to Flinders had been agreed for the sum of A$200,000,
    payable within 60 days of August 10 2004. This date has since been extended for a further 60 days to
    10 December 2004, by order of the court.
    For further information please contact Dr Kevin Wills on 08 8362 5900 or Mobile 0419 850 997
 
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Currently unlisted public company.

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