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ryobal

7,161 Posts.

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29/10/15

13:29

Post #: 16282671
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Originally posted by john_utah ↑

That's BGS's normal statement for 10% Placement Capacity.

You know it actually doesn't indicate anything definitive don't you? Or are you just trying to trick some holders into selling?

I like how you specifically target a single line of text..

Below from the 2014 AGM:

Purpose of Issue under 10% Placement Capacity
The Company may issue Equity Securities under the 10% Placement
Capacity for the following purposes:
(i) as cash consideration in which case the Company intends to
use funds raised:
(A) for exploration activities on the Company’s existing
resource projects in Mali and Liberia;
(B) to pursue new resource project opportunities and,
subject to identifying suitable acquisitions, to acquire
such projects (including expenses associated with any
resulting acquisition); and
(C) for general working capital; or
(ii) as non-cash consideration for the acquisition of new resources
assets and investments excluding previously announced
acquisitions in such circumstances the Company will provide a
valuation of the non-cash consideration as required by listing
Rule 7.1A.3.
The Company will comply with the disclosure obligations under Listing
Rules 7.1A(4) and 3.10.5A upon issue of any Equity Securities.

Below from the 2015 AGM:

) Purpose of Issue under 10% Placement Capacity
The Company may issue Equity Securities under the 10% Placement
Capacity for the following purposes:
(i) as cash consideration in which case the Company intends to
use funds raised:
(A) for exploration activities on the Company’s existing
resource projects in Mali and Liberia;
(B) to pursue new resource project opportunities and,
subject to identifying suitable acquisitions, to acquire
such projects (including expenses associated with any
resulting acquisition); and
(C) for general working capital; or
(ii) as non-cash consideration for the acquisition of new resources
assets and investments excluding previously announced
acquisitions in such circumstances the Company will provide a
valuation of the non-cash consideration as required by listing
Rule 7.1A.3.
The Company will comply with the disclosure obligations under Listing
Rules 7.1A(4) and 3.10.5A upon issue of any Equity Securities.

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I know it's a standard Ann. Let's wait for the quarterly see if puts anything to rest....

BGS Price at posting: 0.8¢ Sentiment: Sell Disclosure: Held
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