Genorah issued another 63m on meeting 20moz. 12 month escrow, ending 24 March 2010.
ASX release date. 17 Jan 2009. Appendix date Dec 2008. 250,000,000 Ordinary Fully Paid Shares issued to Genorah.
ASX release date. 16 March 2009.(half year)
10. Subsequent Events page 13.
Following shareholder approval to acquire a 59% interest in the Tubatse Project from Genorah at the Annual General Meeting, the option was exercised on 7 January 2009. The Company issued 250,000,000 ordinary fully paid shares to Genorah Resources as consideration for the acquisition.
Note!!!! These ordinary fully paid shares are subject to a 12 month escrow period in accordance with the Australian Stock Exchange Listing Rules.
By Dec 2009 these were out of escrow as well.
So boys and girls. Genorah doesn't have any shares in "escrow" unless voluntarily as far as I can see. So they can trade them between accounts as much as they want. (Effecting price re "jv" pump)
NKP Price at posting:
15.5¢ Sentiment: ST Sell Disclosure: Held
