17/08/2004 - 22:00

Westgold sells in PNG

17/08/2004 - 22:00

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Westgold sells in PNG

Westgold Resources has sold two thirds of its stake in Papua New Guinean minerals explorer Carpenter Pacific Resources for 12 cents a share.

The sale has brought Westgold $714,000.

Westgold retains a 10 per cent shareholding in Carpenter.

According to its announcement to the Australian Stock Exchange on the deal, Westgold will have a cash balance of about $7.75 million.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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