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8.3¢ mirabela nickel limited

Thanks user23.........I think this scenario will be new to many...

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jacko09

111 Posts.

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08/12/16

08:11

Post #: 21185783
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Originally posted by user23 ↑

Actually this is also all new to me, I've never experience a stock that has been in VA for such a longtime.

My understanding is if they want to relist and still remain on the ASX, MBN just need to pay the outstanding listing fee, ASX checks everything is in order (i.e. valid number of directors on the board) and they just re-list.

If they want to re-list to the TSX, MBN will need to transfer the registry to another one that is listed in Canada, TSX will check everything is in order, the new registry will apply the foreign exchange currency from AUD to CAD to see what our shares are worth and they re-list. If your current broker can't trade on the TSX, you need to open another broker account and transfer those shares.

Hence, the report from the local Brazil media that they wanted to move their main operation to Canada from Australia with "existing share holder" a while back was interesting.

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Thanks user23.........I think this scenario will be new to many people. I would welcome any feedback from anyone out there who has experienced something similar to this strange predicament.

MBN Price at posting: 8.3¢ Sentiment: Hold Disclosure: Held
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