SDL 0.00% 0.6¢ sundance resources limited

Ann: ANS: Proposed $100m Placement & Strategic Investment in Sund, page-22

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  1. 6,565 Posts.
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    Looks like ANS will be majority owned by WAPRC and ANS will take a majority interest in SDL...So in effect WAPRC will have majority interest in both ANS and SDL...

    This is in effect a transfer of ownership which would have previously been held by the note holders...But it now opens up a vast opportunity to have the project funded and satisfy the conditions set down by the Cameroon Government and Mining licence

    ANS share issue at a discount 1.3cents...

    It is mind blowing to see how many issued shares both companies are dealing out and will end up with...but having said that when production commences a Share Consolidation should fix that..
    Last edited by taboon: 25/09/18
 
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