what is the likely implication of this decsion for both gpn and yrr now someone more clue than me, please ?
I take it the losing party was DS and gang, so will there be dumping of both gpn and yyr on market, or a rally in Shareprice as drilling programs perhaps under a cloud until this decision was known, are now free to commence ?
AURIUM RESOURCES LIMITED ABN: 63 123 821 929 35 Great Eastern Highway Rivervale WA 6103 Telephone: (08) 9361 5400 Facsimile: (08) 9361 5900 [email protected] 19 May 2009 ANNOUNCEMENT By its decision delivered earlier today, the Federal Court of Australia dismissed the application by Grand Enterprises Pty Ltd and Meroliza Pty Ltd as shareholders of Aurium Resources Limited (“the Company”) to restrain the Company from issuing the shares to Greater Pacific Gold Ltd for which the approval of the Company’s shareholders was sought at the General Meeting held on 26 March 2009. GRAHAM D. ANDERSON Company Secretary
GPN Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held