TIG 25.0% 0.3¢ tigers realm coal limited

Ann: BVMHL ends the review of its holding in TIG, page-3

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 5,716 Posts.
    lightbulb Created with Sketch. 2247
    14 September 2020
    ASX RELEASE – BVMHL TO REVIEW ITS HOLDING IN TIG
    Tigers Realm Coal (Company) (TIG) advises that one of its major shareholders, BV Mining Holding Limited
    (BVMHL) has notified the Company that it intends to conduct a strategic review of its shareholding in TIG.
    TIG understands that the strategic review is at an early stage and no decisions have yet been made.
    BVMHL currently holds 31.22% of the Company’s equity and has been a very strong and supportive
    shareholder since its initial investment in 2014 and through the two capital raisings conducted since 2014,
    one in 2016 and the other in late 2019, wherein BVMHL maintained its stake.

    and then today's announcement

    BV Mining Holding Limited (BVMHL) has notified TIG that it has
    decided to terminate the strategic review process it commenced at that time. In providing this advice
    BVMHL reiterated its intention to continue cooperative efforts with TIG to build a sustainable growth
    business which increases shareholder value and provides investor returns.
    The Company looks forward to continuing its long‐standing relationship with BVMHL as a significant
    shareholder, as the Company develops and grows further.

    So they are still going to be a shareholder!


 
watchlist Created with Sketch. Add TIG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.