AVZ avz minerals limited

Ann: Clarifications on suspension and AFR articles, page-230

  1. 810 Posts.
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    Hi Lich

    You mentioned Simon Cong. If interested, have a look at the latest ANL announcement.

    Background of the Purchaser
    Mabanga Mining SARL is a DRC registered entity. The main shareholder of the Company is Mr Simon Cong, who is a
    former director of the Amani Gold, and current manager and 13.5% shareholder of Amani Consulting.
    Given Mr Cong’s shareholding in Amani Consulting and being a former director of the Company, the Company
    considers that Listing Rule 10.1.4 applies and will seek shareholder approval. Shareholders will be provided with an
    independent expert report to assess the fairness and reasonableness of the Transaction and released to the Company’s
    shareholders shortly.

    Another dodgy deal for shareholders. KE is still there.
 
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