MacDonald defers annual meeting

MacDonald Mines Exploration (CDN) says it will postpone its annual meeting from the end of June to Oct. 16 to allow time to negotiate an agreement which could save the company. MacDonald President Milton Snow could not be reached for comment.

As of Dec. 31, 1991, MacDonald’s only asset was a block of 962,215 shares in Deak Resources (TSE). Deak recently traded at 23 cents in a 52-week range of 22.5-58 cents.