CWX 0.00% 10.5¢ carawine resources limited

Be aware of QGold's stated future ability to compulsory acquire Carawine

  1. 9 Posts.
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    From the Prospectus :
    " QGold currently has a shareholding in the Company of 88.94%. Assuming no
    Shareholders other than QGold take up their Entitlement, the maximum level of
    voting power in the Company of QGold following the Offer is 90.77%. If QGold
    reaches the 90% threshold, it will have the right (but not the obligation) to
    compulsorily acquire all of the remaining Shares in accordance with the
    statutory procedure set out in Part 6A.2 of the Corporations Act, otherwise
    known as the "general compulsory acquisition procedure".
    The Company has been informed by QGold that it intends to exercise its right of
    compulsory acquisition if it is entitled to do so
    ."
    Not giving any advice on share trading, just keeping minor shareholder informed
 
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