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8.2¢ alita resources limited

The DOCA is available on Korda Mentha's website...

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NotMBACurioser

56 Posts.

17

05/12/20

08:31

Post #: 49362495
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Originally posted by Sjlasx: ↑

Liatam was pushing for the amendments. SMS were opposed, claiming that there was no guarantee they would receive preferential treatment for a new mining contract if they were dealing with the prospect of multiple shareholders.
The motivation behind SMS's objections and why Liatam did not pursue transfer of the shares is open to speculation. Liatam may have foreseen FIRB hurdles if the Australian holding company was given a proper examination. SMS may have been making a play for the asset themselves by pushing for a late alternative DoCA to be considered.
Very interesting and highly unusual set of events.
Am intrigued to know what details of the DoCA made CHEL / Liatam so keen to have it proceed without the transfer of shares - CHEL threatening to send in Receivers if the amendments weren't approved.

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The DOCA is available on Korda Mentha's website :

https://www.kordamentha.com/creditors/alita-group-of-companies

A40 Price at posting: 8.2¢ Sentiment: None Disclosure: Not Held
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