Hi all, important info from today's announcement which has gone unnoticed!!
From the announcement:
"The Company is conscientious in evaluating its strategic and other options covering a wide
range of potential outcomes for the Company including, for example, project funding (such
as GSA prepayment and/or sale of project equity), expanding operations by merging with
another entity, or a change of control.
As disclosed in the December 2023 Quarterly Activities Report, which was released to the
ASX on 31 January 2024, the Company is in early phase discussions to explore opportunities
with a small number of parties, each of whom has had access to the Company's data room
and has undertaken due diligence. None of these discussions has, however, resulted in a
disclosable transaction or proposal as at this time. Each remains at a preliminary stage and is
incomplete.
Whilst this process is progressing, in the Company's view, in a positive manner, there is no
guarantee that a final proposal will be received on commercially acceptable terms, or that
any transaction will eventuate.
Notification under section 708A(5)(e) Page 2
The funds raised by the Placement will assist the Company with its funding requirements
whilst negotiations connected to evaluating strategic options take place and are evaluated
by the board.
The Company will keep the market informed of any developments in accordance with its
continuous disclosure obligations."
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- Ann: Notice under section 708A(5)(e) of the Corporations Act
Ann: Notice under section 708A(5)(e) of the Corporations Act, page-2
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17.0¢ |
Change
0.005(3.03%) |
Mkt cap ! $188.7M |
Open | High | Low | Value | Volume |
17.0¢ | 17.0¢ | 16.0¢ | $87.20K | 521.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 101706 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 364635 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 101706 | 0.160 |
4 | 498000 | 0.155 |
7 | 614801 | 0.150 |
1 | 100000 | 0.145 |
1 | 185000 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 364635 | 5 |
0.175 | 173681 | 4 |
0.180 | 303149 | 7 |
0.185 | 70000 | 2 |
0.190 | 32500 | 2 |
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INFINI RESOURCES LIMITED
Charles Armstrong, Managing Director & CEO
Charles Armstrong
Managing Director & CEO
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