Ann: Norwest zeroes in on high-grade copper and gold targets, page-13

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chocklips

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02/08/18

14:49

Post #: 34691030
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Originally posted by unicrumba ↑

..."Well this is great... but useless until i know how much of that company I own !!!
(Come on AUZ ... please clarify) "...

Bit surprised with your question...It's all there in the announcement:
http://imagesignal.commsec.com.au/d...nZXNpZ25hbC9lcnJvcnBhZ2VzL3BkZmRlbGF5ZWQuanNw

A great strategic move by AUZ

* Cut down your overheads, no need to pay for leases and associated fees for those exploration assets
* We retain 30% of all those assets
* No further dilution for AUZ holders
* Very strong upside potential for AUZ holders
* Norwest Gold will have ~AU$6.5mil in the bank ~Oct'18
* Norwest will have only 63million SOI with AU$6.5mil in the bank
* AU$1mil seed capital already secured for Norwest, this will go towards IPO costs and some of that AU$1mil will come to AUZ for certain costs and expenses already paid in relation to the IPO (including in relation to the transfer of assets to Norwest).
* AU$4 mil of the total AU$6.5mil to be raised in the IPO are already secured by Cornerstone Investors
* This will leave only AU$2.5mil available to be raised...this is where the immediate benefit for AUZ holders comes into play...to get int a Co at IPO level that has very highly prospective 'Drill Ready' targets
--will have AU$6.5mil in the bank -- and only AU$2.5mil will be available @0.20c -- I would say it will be heavily oversubscribed -- any sniff of some strong drill results and your initial 0.20c investment will multi-bag very quickly -- assuming holders have some spare cash to invest by Oct -- even if not we all will still have the 30% holding in Norwest, if they hit some good targets our 30% will be worth a lot more and AUZ can decide if they want to SELL or HOLD.

Looks like a very good move to me.

All IMO

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I thought for a minute is was Drunken not Dunken posted ... lol

Last edited by chocklips: 02/08/18

AUZ Price at posting: 7.8¢ Sentiment: Buy Disclosure: Held
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