Oh dear.
The Board of International Goldfields Limited (ASX: IGS) ("IGS" or "the Company") is pleased to confirm that a binding
Definitive Agreement ("DA")
With this important milestone now met, both groups will be moving to finalise the transaction as soon as practically possible, within the requirements of ASX and shareholder approvals. A timetable outlining the likely key regulatory events and transaction completion will be communicated to shareholders in due course.
- Consideration to consist of: (a) IGS shares equal to the higher of: (i)
$8,000,000 divided by the price at which the Purchaser issues Purchaser Shares to the public under the Equity Raising; and (ii) the number of
Purchaser Shares which represent 51% of the issued share capital of the Purchaser upon completion of the Acquisition and the Equity Raising, each on a
post-Consolidation basis; and
Up from $7,500,000 to $8,000,000. No mention of the price as the last stated .005c.
4,000,000,000 shares at .002c
-Key conditions of the agreement are: -I
GS raising a minimum of $2,000,000 (or such other amount as required to meet the assets
test admission criteria of the ASX), through the issue of Shares
at a price to be determined by the IGS, with minimum net proceeds to the company of $1,000,000 at completion of the Equity Raising.
www.intgold.com.au -IGS having obtained all necessary shareholder approvals required by the Corporations Act (and any other applicable law or regulations) and the Listing Rules in relation to the Transaction, including any approvals required to re-comply with the admission and quotation requirements of the ASX
1,000,000,000 shares at .002c
A minimum of of 5 billion shares to be issued. Pre consolidation
You still think it's a good idea to buy cashed???
