SPR 1.95% $1.51 spartan resources limited

Ann: Update on EGM and DOCA process, page-24

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  1. 377 Posts.
    lightbulb Created with Sketch. 21
    ..After Habrok’s parent company, Remagen, bought Watpac Civil & Mining at book value on December 21, 2018 [here], it changed the name to Indus two days later.
    (Meanwhile back in 2016 Indus Energy - IND- in 2016 tried to acquire Battler and other projects from IMD but failed [here]. ....


    However, a few years later, Habrok (Battler Pit ) agreed to pay IMD $4M for the Battler project from Perth-based explorer IMD Gold under a contract struck in April, 2019 and financially settled in early September (?)[here] and [here]

    Ten months later Indus was placed into administration [see here] on October 23, 2019 owing $40M due to delays.
    (curiously IND - Indus Energy was also placed into administration just two weeks before on October 8, 2019 [see here]

 
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