Proposed Spin-out and In-specie Distribution
It is proposed that Hawkstone will hold 40,000,000 shares in Diablo prior to the in-specie distribution being voted on by Hawkstone shareholders at a meeting to be convened in July 2021. At an initial public offering (IPO) price of $0.20, this implies a value of $8 million for Hawkstone’s shareholding in Diablo.
The in-specie distribution is conditional upon:
•Receipt of Hawkstone shareholder approval;
•A short-form prospectus being issued by Hawkstone to faciltate the in-specie distribution;
•The Diablo IPO being successfully completed; and
Diablo receiving conditional approval for listing by the ASX.
For the proposed IPO, Diablo will seek to raise $6.5 million via the issue of 32.5 miion shares at $0.20, and Hawkstone shareholders will have the right to participate in a $3.5 million priority offer in the ASX listing of Diablo.
Details of the spin-out timing will be announced to the market as they become available.
- Forums
- ASX - By Stock
- AZL
- Ann: HWK TO SPIN-OUT HIGH GRADE GOLD AND GOLD-COPPER PROJECTS
Ann: HWK TO SPIN-OUT HIGH GRADE GOLD AND GOLD-COPPER PROJECTS, page-70
-
- There are more pages in this discussion • 159 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AZL (ASX) to my watchlist
|
|||||
Last
1.6¢ |
Change
0.001(6.67%) |
Mkt cap ! $71.58M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.5¢ | $26.17K | 1.741M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 4858431 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 8775112 | 29 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 4658431 | 0.015 |
35 | 6161889 | 0.014 |
13 | 8762454 | 0.013 |
8 | 9909606 | 0.012 |
8 | 4505090 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 8612997 | 27 |
0.017 | 2217822 | 13 |
0.018 | 3398657 | 12 |
0.019 | 2424989 | 9 |
0.020 | 2855235 | 10 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
AZL (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online