Ann: Trading Halt, page-48

@tolate

Heres another possible scenario - this below from SDL announcement relating to ANS purchasing 2.3% of SDL to advance their MbalamNabeba project

SDL MD said ......Sundance Resources Chief Executive Officer and Managing Director Giulio Casello said: “Sundance is pleased to receive the support from ANS.

Must be something going on here between the two


The issue price of the shares is $0.004, which is a 20% discount to the closing price on 1 August 2018, and will give ANS a 2.3% interest in the share capital of the Company.

The funds will be used for the purposes of advancing the MbalamNabeba Iron Ore Project (“Project” and general working capital (including payment of a 5% placement fee). Shareholder approval is not required for the issue.

Sundance and ANS have also agreed to discuss and advance the development of the Project on an exclusive basis until 31 August 2018, subject to existing arrangements between Sundance and Tidfore Heavy Equipment Group Co. Ltd relating to the Project.

Sundance Resources Chief Executive Officer and Managing Director Giulio Casello said: “Sundance is pleased to receive the support from ANS.

They and their Chairman, Mr Ding, have the background and credentials to provide great assistance to Sundance to progress our Project. “Thisis anotherstep forward for the Company following on from our recent announcement of our agreement to make the Company debt free.”