Ann: New Gold Discovery at Veronique - Cote dIvoire, page-24

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28/03/19

13:54

Post #: 37914479
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Originally posted by zoomyjeff: ↑

The reason for the voluntary escrow of AOP's 90M shares is to enable them to transfer these shares to their shareholders. As I have previously said although it is likely that some AOP shareholders receiving these shares may sell their shares, however it is also likely that sop holders may actually increase their holding thus taking up the slack.

AOP NOTICE OF GENERAL MEETING

RESOLUTION 1 – APPROVAL FOR AN EQUAL REDUCTION OF CAPITAL AND IN-SPECIE DISTRIBUTION
To consider and, if thought fit, to pass, with or without amendment, the following Resolution as an ordinary resolution:“That, for the purposes of Section 256B and 256C(1) of the Corporations Act and for all other purposes, approval is given for the capital of the Company to be reduced by the Company making a pro-rata in specie distribution of up to approximately 90,000,000 Exore Shares to all holders of Company Shares on the Record Date (rounded down to the nearest whole Exore Share), with the consequence that each Shareholder on the Record Date shall be deemed to have consented to becoming an ExoreShareholder and being bound by its constitution, on the terms and conditions set out in the Explanatory Statement.”

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thank you for your clarification. I will be cautiously hopeful. May it be some good time ahead for us

ERX Price at posting: 8.7¢ Sentiment: None Disclosure: Held
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Ann: New Gold Discovery at Veronique - Cote dIvoire, page-24

Top Stories

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

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

Havilah hints at resource expansion from Muturoo drilling in SA

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

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

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Sellers (Offers)