"The company announced on 15th October that it will be seeking shareholder approval, prior to settlement of the mining leases we are in the process of acquiring, to change its activities to an exploration and mining company and will issue a full form prospectus in order to comply with Chapters 1 and 2 of the ASX listing rules. The quantum funds and consolidation ratio under this prospectus will be announced shortly. The shareholder meeting is expected to be held in February 2010."
NSL Price at posting:
3.6¢ Sentiment: Hold Disclosure: Held