CLZ classic minerals ltd

Ann: A$ 7 MILLION BINDING AGREEMENT FOR SALE OF KAT GAP TENEMENTS, page-57

  1. 4,188 Posts.
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    Read ASX listing rule 11.2 . CLZ needs to get shareholder approval before disposing of any major asset. So this is the next thing that needs to happen. I would think they could only be indicative agreements signed subject to FIRB approval. So Kat Gap cannot be disposed of before they get shareholder approval.
    I have an idea that that was what the issuing of 500 million shares to LDA Capital at the last AGM was all about, It will be interesting to see if LDA Capital pays the $400,000. The company should acknowledge receipt of these monies as it would be a significant transaction .
 
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