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1.2¢ vector resources limited

Ann: Cleansing Prospectus, page-33

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25/01/19

08:40

Post #: 37219847
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Originally posted by cfp ↑

Originally posted by HAC30
Am I reading it wrong or did they actually just vest 60m performance shares ($1,380,000) between themselves and another 60m ($1,380,000) to "advisers" for taking over 12 months to acquire a project...?
yeah you read it wrong, it is easy to do, the performance right shares were held by the directors since December 2017, the purpose of the offer is to vest 210,000,000 consideration shares to MGI as part payment for the acquisition of the 60% of Adidi Kanga, there will be a meeting towards the end of February to get permission from holders to allocate the remaining consideration shares to MGI, these shares will all be held in escrow for a period of 12 months, I hope this has clared that misunderstanding up

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And the 'Primary Purpose' of this cleasing prospectus is ?

VEC Price at posting: 2.3¢ Sentiment: None Disclosure: Not Held
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