The Zijin "Long Stop Date" ann that MACLEOD22 mentions - could be the 2 pager on 21 July 2015 - Put - zijin mining NKP Long Stop Date - into google and it comes up numero uno for me. Here are some paras -
On 20 July 2015, Jin Jiang, Genorah Resources (Pty) Limited (a company incorporated in South Africa, “Genorah”), Genorah Resources Australia Proprietary Limited (a wholly-owned subsidiary of Genorah incorporated in Australia, “Genorah Australia”), NKWE and NKWE Platinum (South Africa) (Pty) Limited (a subsidiary of NKWE incorporated in South Africa) entered into a sale of shares agreement (the “Agreement”). Jin Jiang agreed to acquire 305,833,120 fully paid ordinary shares in NKWE which are held by Genorah and Genorah Australia and free of all encumbrances with a cash consideration of A$0.10 per
share (the “Transaction”). The total consideration will be A$30,583,312.
After the completion of the Transaction, the Company, Jin Jiang and other wholly-owned subsidiaries of the Company will own 541,985,880 fully paid ordinary shares of NKWE in aggregate, representing approximately 60.47% of the issued fully paid ordinary shares of NKWE. Jin Jiang will have a right to
nominate one more NKWE director. NKWE will become a subsidiary of the Company.
The completion of the Transaction is subject to the fulfillment or waivers of a number of conditions precedent including but not limited to the approval of the Financial Surveillance Department of the South African Reserve Bank, the approval of or filing to the PRC regulatory authorities, the approval of the
Competition Commission of South Africa, etc. The long stop date of the Transaction will be 30 September 2015.
The acquisition will be mainly funded by Jin Jiang’s internal resources and bank facilities.
The Company will make further announcement in accordance with the progress of the Transaction.
Please refer to the relevant announcement as published on the ASX website (http://www.asx.com.au) by NKWE for further details.
I find it fascinating that the 1 page NKP ann of same day does not mention the Long Stop Date. Can anybody cast light on a possible reason why not?
NKP Price at posting:
7.4¢ Sentiment: Hold Disclosure: Held
