Do you mean that the shares are out of ESCROW in Nov this year or Nov this year is the record date for those FRY shares.
According to the Quarterly Activities Report for Period Ended 31 December 2010 the following is still in force. The last paragraph applies to the ESCROW period.
Fitzroy Resources IPO During the Quarter Fitzroy?s Offer of Securities by way of Prospectus dated 7 October 2010 raised $5,000,000 from the issue of 25,000,000 Shares at 20 cents. The Company was admitted to the official list of ASX and quotation of its Shares commenced on 9 December 2010. The ASX Code for the company?s shares is FRY. Listing on ASX was the final condition for the completion of the Sale and Purchase Agreements between the Company and Icon for the Rookwood and Glentanna Projects. Both projects are now 100% owned by Fitzroy Copper Pty Ltd a wholly owned subsidiary of Fitzroy Resources Ltd. The payable consideration to Icon for the assets was 7,500,000 FRY shares, which are subject to an ASX escrow of 2 yearsand 5,000,000 30 cent options.
Banksy
III Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
