BEZ 0.00% 9.9¢ besra gold inc.

Ann: Trading Halt, page-47

  1. 1,491 Posts.
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    We will find out shortly if they either amend the agreement or Quantum does a third off-market block trade (refer RoviO's note above on what was done in the previous two times which I extracted a bit of it below).

    "...instead of all the USD $10m coming from Quantum to BEZ, the parties both agree to vary that amount down (to say $3m) as a one-off. Quantum then use the balance USD $7m to directly off-market purchase Pangeas remaining shares.
    They can price this as whatever the 2 parties like for mutual benefit…remember this has already happened twice before when Quantum acquired their initial parcel from Pangea at 17c when the SP was trading at ~5c, and then a second tranche at 11c


    This won’t require any SH approval .."
 
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