ANS austsino resources group limited

Ann: Placement to Raise $100 Million, page-26

  1. 1,752 Posts.
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    The announcement makes it clear that ANS expects to delist, so we’re not working to that timeframe. And the ASX can delist ANS anytime before that extension end date.

    From yesterday’s announcement “The satisfaction or waiver of the Conditions Precedent and issue of Midwest Placement Shares must occur by 31 January 2021 or such later date as the Company and Midwest mutually agree.”

    There is no mention of SDL related to this placement.

    ”The funds raised pursuant to the Midwest Placement will be used for general working capital purposes and to explore the possibility of pursuing one or more of the following transactions: (a) the identification and pursuit of one or more other suitable potential opportunities in the Australian resources or infrastructure sectors; or (b) the identification and pursuit of one or more other suitable potential opportunities in the African resources or infrastructure sectors.”

    “Resources or Infrastructure.” Chinese consortium of heavyweight Port and Rail builders to take care of the Infrastructure.

    “One or more.” Africa with multiple undeveloped mining opportunities. From Mbalam-Nabeba to Simamdou and beyond.

    We wait for the Notice of Meeting. That’s the next step.




    Last edited by Praetor: 18/11/20
 
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