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Kingsgate maintains Goldstar stake

CORPORATELY active Kingsgate Consolidated is to spend another $A1.58 million to maintain its strategic stake in Victorian gold explorer Goldstar Resources, which is raising $A8 million in new equity for its Walhalla exploration project.

Michael Quinn
Kingsgate maintains Goldstar stake

Kingsgate, which is currently seeking to take over the Argentina-focused gold explorer Andean Resources, spent $2.1 million in mid-2005 to gain a 19.72% stake in Goldstar. Shares in Goldstar back then...

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