MUN 0.00% 4.8¢ mundo minerals limited

re: Ann: Brazilian subsidiary to seek protect... "It is the...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
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ANNOUNCEMENT SPONSORED BY PLUS500
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  1. 24,765 Posts.
    re: Ann: Brazilian subsidiary to seek protect... "It is the Board’s intention to request that ASX keep the Company’s shares suspended until further announcements are made in relation to this complex process and whilst the Company continues to assess other advanced options available to it including further asset sales and potential fund raising opportunities that continue to be explored."

    From the ASX announcement

    Having read the full ASX announcement I'll be surprised if there is anything worthwhile left over for current shareholders without substantial dilution or having to dig deeply into their pockets once legal expenses have been paid and "further asset sales" and/or "potential fund raising opportunities" have been put in place.
 
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Currently unlisted public company.

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