WESTERN MINING SELLS ACM STAKE
Western Mining Corp Holdings Ltd
<WMNG.S> (WMC) said it sold its entire holding of 22.13 mln
shares in the gold mining company <Australian Consolidated
Minerals Ltd> (ACM).
    WMC gave no details, but stockbrokers said the sale was
made at eight dlrs a share on Friday to a number of U.S.,
European and Australian investors through WMC's usual brokers.
    The company purchased the 19.9 pct parcel in early March
from Amax Inc <AMX.N> at 6.32 dlrs a share ahead of a
one-for-three bonus issue when Amax sold its entire 47 pct
stake in ACM to a number of local companies.
 REUTER
