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."
AGM Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held