So we can expect a date for the EGM later this month ?
So after we vote they will provide a full prospectus for a capital raising ??
From announcement dated 30 January 2017
Before confirming the date for the EGM, the Company is required to provide a draft Notice of Meeting (NoM) to the ASX and have it approved before it is provided to Shareholders. The ASX has advised the Company that it will require at least 15 business days to review the draft NoM. After approval, the Company is required to provide at least 28 days’ notice to shareholders before a meeting could be held. The draft NoM is expected to be submitted to the ASX this week, which would put an (earliest case) EGM date at approximately late-March 2017.
Preparation of a “full form” prospectus for a capital raising and its approval by relevant authorities is expected to take at least 3 months from the date of this announcement, so a prospectus document could be available by the end of April 2017. Assuming that the Company is successful in selling the required number of new shares after that date, the Company expects that the earliest it could satisfy conditions for Re-compliance is around May 2017.
.
Add to My Watchlist
What is My Watchlist?