SPI shares and escrow discussions

Under the Asset Sale Agreement, CSD will issue consideration of 580,000,000 ordinary fully paid shares (Consideration Shares), a convertible note for $16.5M to SPM, and pay $2 million over 12 months in four equal quarterly instalments. The Consideration Shares will be subject to a two year voluntary escrow period. The Company will also, subject to shareholder approval, issue 30,000,000 fully paid ordinary CSD shares to SPII as repayment of a $3 million advance payment made to Consolidated Tin as per the Heads of Agreement signed 18th April 2012.

As per CSD announcement above it is clear that the consideration shares 580m( purchase price 5c ) are in escrow for 2 years released Jan17

The other 30m shares ( deemed price 5c) listed above does not mention escrow and so they could be traded imo once issued

The shares to be received in lieu of the $16.m convertible note listed above- does not mention they are in escrow
This is another 165m shares ( deemed price of 10c) available


DYOR as liquidity is fundamental for accumulation and share price increase..