RGI 0.00% 4.8¢ roto-gro international limited

Ann: Trading Halt, page-14

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  1. 1,540 Posts.
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    The Cap Raise was done in 2 tranches, the 2nd they said would be completed in July. So I'd assume we'll get an Appendix 3B reflecting the shares issued under the 2nd tranche shortly (See June 20 announcement).

    This Trading Halt leading into voluntary suspension is to do with an acquisition, as stated, not a capital raising.

    Whether it be the acquisition of a Nutrient company, a licensed MJ cultivator (as reported in the presentation & other asx announcements) or something entirely unrelated will unfold. No doubt it'll be similar to the Hansons acquisition subject to DD etc. The trading halt/suspension is needed to stop speculative trading. Also tends to draw attention to what they are doing, which is good, as long as not over done as many wanna-be mining companies are notorious for.
 
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