CAY 4.76% 8.0¢ canyon resources limited

News: CAY Altus Strategies Receives 10 Mln Fully Paid Ordinary Shares In ASX Listed Canyon Resources, page-5

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    It is not the last issue to Altus, one milestone to go.

    ”the issue of a further 5,000,000 Shares to be issued upon the earlier of 24 months following the issue of the Milestone A Shares or the execution of the final mining convention on the Minim Martap Project and subject to a 12 month voluntary escrow period (Milestone C Shares)”

    I recall that the 12 month escrow was negotiated prior to the 2019 AGM and agreed to by Altus, a joint effort by PIG and some broker in Perth. This was to avoid another embarrassing sellout by our Chairman’s company straight after they’d sold the last tranche

 
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