‘Secret’ Havilah stake draws ASIC attention31 AUGUST 2013 | LUKE...

‘Secret’ Havilah stake draws ASIC attention
31 AUGUST 2013 | LUKE FORRESTAL
‘SECRET’ HAVILAH STAKE DRAWS ASIC ATTENTION

"The incumbent directors at Adelaide-based explorer Havilah Resources may have survived a push to spill the board this week, but the dissident shareholders have taken their concerns to the Australian Securities and Investments Commission."

"Sydney-based mining finance guru Warwick Grigor, who is leading the dissents, says they have no plans of selling out of Havilah and that the meeting was just the first battle of what may be a long-running war."

The article says:

Grigor and his supporters claim that the incumbunt's numbers at the Wed meeting were boosted by a secret stake held by Directors that has not previously been disclosed.

ASIC is now believed to be investigating who is in control of these shareholdings and whether there is any association with the directors of HAV.

Bob is aware that ASIC is looking at HAV but he is not overly concerned. He says there is no truth in the suggestion of a secret block of shares in HAV controlled by the directors.

Cheers

P.S. The Shakespearean drama continues!

No mention of whether or not ASIC is reviewing Grigor and Co.'s dodgy proxy form (with the unauthorised use of HAV and Computershare logo's)