NGM 0.00% 19.0¢ ngm resources limited

Ann: Trading Halt , page-9

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  1. 1,272 Posts.
    Trading Halt states: "significant financial transaction" made on Tuesday (18/08/09)

    Standstill Agreement with Paladin States: NGM will complete a work program that includes field work and a
    minimum of 1,500m of drilling.

    The Company will not seek or enter any agreements with any other
    entity on its Niger Concessions, not acquire or dispose of any
    significant asset or issue further securities, other than those
    mentioned above for a period of up to 6 months from the date of
    signing the Agreement or, in any event, until one month after the
    minimum drilling program is complete, whichever is the longer

    NGM completed drilling 1,508 metres on the 26/07/09

    So less than one month has passed.

    IMHO this ann must involve Paladin which can only have positives for share holders.

    Could be wrong we shall see!


 
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