Ann: Consolidated Tin Mines Monthly Update June 2015, page-107

This from the ASX may assist to some degree. I am sure that a final escrow agreement will be sensible given the % that SPM and SPII will hold once the asset transfer is complete. It is voluntary  of course

Thank you for your email.

Judging by the heading, I assume that this is voluntary escrow, rather than ASX-imposed escrow. If that’s the case, it will depend upon what the company and the holder have agreed to. Typically the escrow period would commence from the issue of shares, but this doesn’t necessarily have to be the case. For example, the holder and the company could agree that the shares will be escrowed until 31 December 2015 (regardless of when they are issued), rather than agreeing that the shares will be escrowed for 12 months from the date of issue.

If the escrow is imposed by ASX, it would typically commence from either the date that the restricted securities are issued or the date that the restriction agreements are entered into – whichever is the later.

If you have any further queries, please do not hesitate to contact ASX Customer Service on 131 279, +61 2 9338 0000 if calling from overseas or email [email protected]

Kind Regards,

Andy Sun | Senior Customer Service Officer |

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