Empire History 101, page-29

One place they will not be moving to is the land they acquired when they took over Freedom Eye and turned it into FYI resources .
Remember after
“The Company acquired a 100% interest in the Yarlarweelor Uranium Project in exchange for 5,000,000 shares in the Company in June 2007.” (2007 annual report)
.... They moved this interest over to FYI under their own management after Empire supported - to the tune of more than 28% Freedom Eye raising $1.6 million .
Now Freedom Eye happened to own a large parcel of land (7.11 hectares) in Baldivis WA which they valued at $1.8 million at the time of the changeover http://www.aspecthuntley.com.au/asxdata/20091027/pdf/01003437.pdf
This was quietly sold by FYI in September 2015 for one million dollars http://www.fyiresources.com.au/medi.../150928-FYI-Capital-Raising-Baldivis-Sale.pdf

Maybe of no relevance but it’s curious that Empire traded shares for the uranium tenement and then the directors ‘traded’ more shares to move the uranium tenement into a completely different company deeming the uranium tenement ( which seems to have subsequently come to nothing) as the new core asset and the real estate as ‘non core’.
Clearly it’s all perfectly legal but seems to me the shareholders of the time may have felt they had a bum deal when their company was diluted to acquire a uranium tenement which three years later was passed mostly out of their hands whilst remaining in the hands of Empire directors...... possibly as it seems to have proved not worthwhile, it doesn’t matter?