No mention of a TSX listing was disappointing but that was about the only negative aspect about the quarterly.
There are no cashflows from the new acquisition in the quarterly cashflow report - there will be a one-off adjustment between AMU & IMP for the net quarterly cashflow in Feb - also IMP has to pay AMU $4.34mil within the next week to settle the withheld amount for preferential rights - at least part of that will have to be added to the mezzanine debt facility as they seemingly don't have enough cash to cover it with only $2.5mil in the Bank at 31Dec.
Probably no placement though at this stage.
I believe the change of name to Empire Energy is still part of the process towards a TSX listing when a placement will be done to establish a float of shares on that Exchange.We will see the paperwork this week for the General Meeting to be held in early March for the change of name.
I hope to heavens that we are not the party that is proposing a takeover of or a merger with AMU.
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