1994 A LOOK BACK — Metall parent sold shares

The German parent of Metall Mining (TSE) sold its 50.1% interest in the Toronto-based company, which has mining projects around the globe.

Metallgeschellschaft AG, experiencing financial difficulties related to depressed metals prices and losses from the trading of oil futures contracts, sold its holdings in copper producer Metall for about $458 million. It was reported that the issue sold out even before the Aug. 30 public announcement.