Sorry I meant Cabe resources, uranium australia deal diluted to 50%, Cabe if it goes ahead (which it will) dilutes to less than 20%. Just to help you out.
The bid will be subject to a Yellow Rock Resources Limited shareholders’ meeting approving the bid, Yellow Rock Resources Limited acquiring a relevant interest in at least 90% of all the shares and options in Cabe Resources Limited entitling it to proceed to compulsory acquisition, approval being granted by ASX for the quotation of the new shares and options to be issued and standard prescribed occurrence events. In the event the takeover bid is successful Yellow Rock Resources Limited will issue approximately 85,000,000 shares and 85,000,000 options.
GPN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held