Open-market stock purchases by Total Resources (Canada) of Calgary have boosted the company’s holdings in Total Energold (TSE) to 72.5% of the latter’s outstanding shares. Total Resources, a wholly owned subsidiary of Total Compagnie Francaise des Petroles of France, recently acquired one million shares of the junior at $1.80 per share. Previous open market purchases yielded the company 281,600 shares at prices of $1.45-1.90.
Total Resources now owns about 24.9 million shares of Total Energold, the successor to Getty Resources.
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