Australia's largest stock trading and investment forum Australia's #1 stock forum

VEC

Click for more information

0.00%

1.2¢ vector resources limited

Thanks... but that has nothing to do with that we are talking...

First 15 Last

Share
Profile

Follow
Big Kahuna 101

3,656 Posts.

265

11/03/19

13:56

Post #: 37720395
Share

Originally posted by Area51: ↑

I thought Trolls could read? Or is it just plain lazy trolling?

ASX announcement 7 March:
"The Company was only able to issue 210,000,000 of the aforementioned 315,656,566 sharesunder its remaining 15% placement capacity. As a result, the Company has worked with itssenior management and a number of key shareholders to transfer the remaining 105,656,566shares to MGI until the Company received shareholder approval to issue the shares at its GeneralMeeting that was held on 28 February 2019.The Company has now received shareholder approval (on 28 February 2019) to issue MGI theremaining shares owed under the Sale Agreement. Accordingly, MGI is now transferring the105,656,566 shares that senior management/shareholders transferred to MGI back to eachparty, which will allow the Company to issue the new 105,656,566 shares as approved byshareholders to MGI.For clarity, after the transfers and issues noted above, MGI will only hold the 315,656,566shares that was due to be issued under the Sale Agreement."

Expand

Thanks... but that has nothing to do with that we are talking about....refer (read?) the recent 3b.

I feel we are seeing the distribution of these shares as we speak.

Last edited by Big Kahuna 101: 11/03/19

VEC Price at posting: 1.6¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Australian Critical Mins jumps +13% on iron ore find at former lithium play

There are more pages in this discussion • 18 more messages in this thread...

First 15 Last

Add VEC (ASX) to my watchlist