AUQ 0.00% 3.7¢ alara resources limited

Ann: Closure of Renounceable Rights Issue-AUQ.AX, page-9

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. 6,739 Posts.
    lightbulb Created with Sketch. 158
    from the RI prospectus;
    "Mr Vikas Jain, a Director of the Company, and his
    associates (Mul Chand Malu, Piyush Jan and Vikas
    Malu) currently have a voting power of 19.76% in
    the Company. Mr Jain has agreed to underwrite the offer for
    $500,000, and their voting power will increase up
    to 24.09% in the Company if no Eligible
    Shareholders take up their Entitlement."

    from yesterday shortfall announcement;
    "The remaining shortfall of 26,431,263 shares will be dealt with in accordance with the procedures set out in
    the prospectus."

    looks like the shotfall may well go to the Mr Jain team .... 26,431,263 x 2c =$528,625

    That will be a whopping big stake in AUQ of 24.09% for this group of shareholders, to leap frog Ms Meng Meng again
 
watchlist Created with Sketch. Add AUQ (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.