"n addition, Whitvista's holding was transferred to The Lennonville Exploration Trust, of which his son-in-law Paul Taylor is a beneficiary, and Triumph Mining, a company associated with Dourado chairman Emilio Del Fante. The shares are subject to a two-year escrow period.
The ASX confirmed last week that it would examine Dourado's planned acquisition of North Minerals after it emerged that the target's largest shareholder had received a $2.5m loan from a company with links to Scook.
A company controlled by his long-time business partner, Carol Hardie, also owns an 18 per cent stake in North Minerals.
The deal requires shareholder approval.
A lawyer acting for the company, David Sanders of Lavan Legal, has said the proposed acquisition did not contravene the agreement not to engage in business dealings with Scook.
. . .
perth certainly has a well earned reputation, as being a great place to live
DUO Price at posting:
23.0¢ Sentiment: Sell Disclosure: Not Held