EGA 0.00% 52.0¢ egan street resources limited

Can SLR back out of the offer if they fail to achieve 90% and...

  1. 3,596 Posts.
    lightbulb Created with Sketch. 1066
    Can SLR back out of the offer if they fail to achieve 90% and return any shares offered? If so, our enthusiastic directors might still be stuck with us and we with them (for a while anyway). Otherwise, SLR will be the major shareholder and can put their own people on the Board, or keep their EGA Judases. Without any successful re-offer then this is the most likely scenario.

 
watchlist Created with Sketch. Add EGA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.