Received an email from the broker advising the IPO is no longer going ahead.
"BBY confirms that the Board (“Board”) of Red Gum Resources Limited (“RGX”) has advised that it has terminated the acquisition agreements entered into with the travel entity vendors as outlined in the prospectus dated 11 November 2014 and supplementary prospectus dated 4 December 2014, which was to consolidate and re-list through RGX as Australian Travel Group Limited (“ATG”). Please refer to the attached Corporate Update, announced by RGX on the 13th February 2015.
Due to this RGX has advised that the prospectus offer will not proceed"
