C'mon, stop the negativity. We have 33000sq/klm of prospects, this won't be the last divestment i am sure. this is very positive outcome for shareholders. Who cares if ME is chairman of both entities. Key points.
Initial option details:
• $250,000 option fee (paid to ABM).
• Exclusive option / due-diligence period of 30 days. As consideration for this acquisition, ABM will receive:
• payment of an exercise fee of $150,000 and an acquisition fee of $200,000 in cash (for total cash of $600,000 including the option fee paid).
• 125 million1 fully paid shares in the capital of Clancy2; which equals (post capital raising) 27.4%3 of Clancy;
• 175 million1 options to acquire fully paid shares in the capital of Clancy, exercisable in three tranches within three years at a price 50% above the Clancy capital raising.
• Clancy’s shareholding in Genesis Resources Limited (ASX: GES) being 8.157M shares (~5.4% of GES) or an agreed cash equivalent;
- Forums
- ASX - By Stock
- ann: abu to divest exploartion tenement
C'mon, stop the negativity. We have 33000sq/klm of prospects,...
-
- There are more pages in this discussion • 40 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PRX (ASX) to my watchlist
|
|||||
Last
0.3¢ |
Change
0.001(20.0%) |
Mkt cap ! $6.353M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $1.206K | 402K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 22688615 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 17801855 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
28 | 22688615 | 0.002 |
24 | 73283714 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 17801855 | 23 |
0.004 | 12376192 | 17 |
0.005 | 5995870 | 10 |
0.006 | 2966667 | 6 |
0.007 | 7600000 | 3 |
Last trade - 10.06am 30/07/2024 (20 minute delay) ? |
Featured News
PRX (ASX) Chart |
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online