Ann: Foxleigh Mine - Coal Price Update, page-25

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Bright30

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21/12/16

18:17

Post #: 21496052
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Originally posted by 3under ↑

On 2 November 2016 ASX released a consultation paper advising of a change in its policy about immediately suspending a listed entity that announces a back door listing transaction. ASX will now allow such an entity to resume trading (at least up to the date of the shareholder vote approving the back door listing) if it makes an announcement that contains all of the information referred to in proposed new Annexure A to GN 12 and ASX is otherwise satisfied that the announcement includes sufficient information about the transaction for trading in the entity’s securities to take place on a reasonably informed basis.

Accordingly, the onus is on RRP’s board to make an announcement that meets these requirements so that its securities may resume trading ahead of the shareholder resolution approving the Foxleigh transaction. If RRP does not make an announcement to ASX’s satisfaction, then RRP’s securities will remain suspended until its re-compliance with chapters 1 and 2 of the Listing Rules. To date, ASX is yet to receive from RRP any proposed announcement in order to satisfy the requirements of Annexure A of GN 12. RRP’s announcement of 6 October 2016 also said that it intends to update shareholders in due course as to the timetable for re- compliance.

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Whats your point ???

Ive gone over that, and RRP are working with ASX to list under the new rules to get us back to trading followed by a EGM in months to come, BUT DYOR

RRP Price at posting: 4.1¢ Sentiment: Buy Disclosure: Held
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Ann: Foxleigh Mine - Coal Price Update, page-25

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