ZFX may have to go to Plan "B" if they do not get another 30 million shares.
"What are Zinifex's intentions if it were to acquire less than 90% of Allegiance Mining?
If Zinifex gains a controlling interest in Allegiance Mining subject to maintaining a sufficient spread of shareholders Allegiance Mining will remain listed on the ASX.
In general Zinifex's intentions are:
to continue the business of Allegiance;
propose to the board that an immediate, broad-based review of Allegiance's operations be conducted on strategic, operational and financial level."
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- 86 percent and another extension.
ZFX may have to go to Plan "B" if they do not get another 30...
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