I think they'll get a vote on the integrated financing plan because it involves raising a lot more than 10% of listed shares.
As to the JV itself, in actual fact, it's not a sale of company shares but an interest in the Hillside project (excluding Hog). My (lame) answer would be it depends on the company articles of association, which may in itself talk of a change of control event. I'm not sure if the ASX rules would require it.
However, given the integrated financing plan would the JV in itself may not. As an aside, companies do any number of small JV's with explorers at management's behest and they don't require a vote. Which then gets this one back to size and Co. Articles rules/commentary on effective change of control.
All IMVHO.
- Forums
- ASX - By Stock
- RXM
- Ann: Rex Minerals Corporate Presentation
Ann: Rex Minerals Corporate Presentation, page-8
-
- There are more pages in this discussion • 44 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RXM (ASX) to my watchlist
|
|||||
Last
45.5¢ |
Change
-0.005(1.09%) |
Mkt cap ! $356.3M |
Open | High | Low | Value | Volume |
45.5¢ | 46.0¢ | 45.5¢ | $656.5K | 1.435M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 4878973 | 45.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
46.0¢ | 2631974 | 21 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 4878973 | 0.455 |
23 | 5451464 | 0.450 |
3 | 66611 | 0.445 |
7 | 205705 | 0.440 |
6 | 403970 | 0.435 |
Price($) | Vol. | No. |
---|---|---|
0.460 | 2631974 | 21 |
0.465 | 1592172 | 11 |
0.470 | 3144967 | 23 |
0.475 | 1061900 | 5 |
0.480 | 18950 | 3 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
Featured News
RXM (ASX) Chart |