BLR black range minerals limited

WUC filed a Form 9 "Notice of Proposed Issuance of Listed...

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    WUC filed a Form 9 "Notice of Proposed Issuance of Listed Securities" on July 17, 2015.

    Of note:

    - $442,204 AUD of the $450,000 AUD credit facility has been advanced to BLR.

    - The last trading day of BLR shares on the ASX will be September 7, 2015.

    -  Stantons International "concluded that the Scheme is not fair but reasonable...because when the Scheme consideration is assessed based on the asset net values of each of Black Range's and Issuer's respective assets, the value of the consideration paid by the Issuer is less than the preferred value of Black Range shares and is therefore not 'fair'.  However, as discussed in the Scheme Booklet, the Board of Directors of Black Range has recommended to shareholders of Black Range that they approve the transaction as being in the best interests of the shareholders."

    http://www.cnsx.ca/cmsAssets/docs/F...NOTICE_OF_PROPOSED_ISSUANCE_OF_SECURITIES.pdf
 
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