Cowan Lithium - Spinoff, page-2

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captjohn

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19/06/18

15:02

Post #: 33800604
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Originally posted by coopercopper ↑

Hi guys,

I was hoping someone could help me with the spinoff details on Cowan Lithium. I haven't had this occur in a stock that I have owned before and I am fairly new to the entire share investment game. I know there was some discussion in a prior thread on the issue but I haven't been able to find the discussion after going over the threads.

With that in mind my question relates to the marketable parcel provisions with the spin off. Clause 1.1 of the explanatory statement indicates that Tawana will distribute 85% of all Cowan Shares on issue to Eligible Shareholders on a 1 for 11.1 basis whilst clause 8 provides for the divestment notice from the directors where a Cowan shareholder owns less than a marketable parcel.

My question is (1) how does one attribute a value to the shares owned in Cowan to determine whether a marketable parch is owned? and (2) if someone holds a non-marketable share, do the clauses provide that they cannot continue to hold, i.e. that such a holding must be sold by the directors?

Sorry in advance if this has in fact been covered.

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Yes, .all your queries was discussed on here abt 4 weeks ago
I've got 3 thick books on my shelf.. re. Takeovers,Mergers, share swaps,, dilution ...etc..
all too heavv for me these days...

However, Cooper , my advice is...... just call up Tawana office....& ask they will help you .
at the AGM was a young clever man that will handle enquiries from shareholders....

All this Merger & spin offs with Cowan is very complicated & posters have lotsa opinions.

Ub1 qu3 uc1 reckons its a conspiricy for a chinese take over ... who knows ??

Frankly, the sooner its done ,the better....
Tawana has lotsa future value . IMO .

TAW Price at posting: 40.0¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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Cowan Lithium - Spinoff, page-2

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