re: Ann: Appointment of Kane Marshall as CEO ... "Roznov, EGO...

re: Ann: Appointment of Kane Marshall as CEO ... "Roznov, EGO wouldn't need to do a consolidation pre-takeover"

Gday Surandy70,

Was just reading up on the MAK takeover proposal over UCL.

You may be interested with the following:

Dec 2011: UCL shares were consolidated on a 1 for 30 basis.

Feb 2012 Minemakers announces proposal to acquire UCL who will receive 9 Minemakers shares for every 10 UCL shares

I have no understanding on the why, how, or the finer details etc, and you cannot draw any direct comparison between this and our situation; however it is interesting reading that’s for sure, with respect to KEY imo.

Cheers
R