EGR 8.70% 12.5¢ ecograf limited

Ann: Trading Halt, page-70

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    Grab from over at WKT...The legislation also suggested future rehabilitation agreements would be time-bound and make provision for periodic renegotiation, and that a commitment to beneficiation in Tanzania should be made by the investor.
    Procurement policies that preferred Tanzanian goods and services, a proposed 16% free-carry in the equity of the investing companies, and a right to acquire up to 50% of a foreign investor were also part of the proposals. It is unclear from the Tanzanian statement on Monday evening if some or all of these elements have actually passed into law.
 
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