Company can't issue shares til approval at the EGM so full disclosure should apply including perhaps who is getting the shares.A single tight group or a 100 Canadian Sophisticated spivs!! Also how many Zari private company shareholders in what percent holding their 25 mil shares?
A Toronto Exchange Float will not be proposed at this EGM.A foreign exchange listing usually involves hundred millions of shares being issued,often doubling shares existing on issue.
Such a float Capital Raising would be for Factory building or such.
Big Chinese interests in Canada.
That's why some Management market information would be appreciated.
After all Management assured pekkers about the staunchness of the Col Blimps and a monthly updated Top 20 list would give clarity to the Blimps and Canadians good intentions.
but it sure is shaping up as an "interesting" move in the REE sector.
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