DRX, which controls over 800,000 common shares of McFinley, representing a 7.5% interest, recently asked McFinley to call a meeting to propose the election of additional DRX nominees to the McFinley board. DRX says McFinley failed to comply with this request.
In other news, DRX said it has written to Mount Burgess Gold Mining Co. of Perth, Australia to say it is proceeding with an offer for the company and requesting information in connection with Mount Burgess’ Yundamindera project, which DRX needs to complete the bid.
DRX, which owns 1,844,500 Mount Burgess shares, representing a 7% interest, intends to file its offer by May 8, 1989.
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