G'Day all-Couple of points for due consideration .
Shareholder Shares %
AngloGold Ashanti Holdings plc 135,190,463- 11.77%
Joseph Pinto1 100,254,778- 8.73%
ASX-Today-A further $470,000 of debts to related parties will be converted on the same terms as theplacement
subject to shareholder approval.
So it would be a logical assumption that Joe's converting .-see below
ASX-28th November 2108-Further, the Company raised $520,000 via an issue of a short-term convertible loan from OGX Directors.
The loan will convert only on receiving shareholder approval, or repayable in cash, at the election of thelender.
There will be 10% p.a interest paid on the convertible loan.
ASX-28/November 2018-Discussions with AngloGold Ashanti have resumed on both our exploration tenements andthe
Cascavel mine of up to approximately AUD$28 million.
Discussions with AngloGold Ashanti have re-commenced with regards to the proposed joint ventureagreement.
AngloGold representatives met with Orinoco representatives in CRIXAS on 8 November 2018and further meetings are to take place this month on site to carry out due diligence on all our explorationtenements and at Cascavel.
The original Term sheet proposal provided for funding of up to approximatelyAUD$28 million.
Depth changing rapidly now
32,087,299 t buy's vs 16,698,128 t sells.
Lots to play out yet imo.
glah-salt
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