From the Edgar update-
Approximately 21.6% of our ordinary shares is owned by a significant shareholder that may acquire additional shares.
As of May 20, 2016, approximately 21.6% of our ordinary shares is owned by Resource Capital Fund VI L.P., or RCF. In addition, RCF is entitled to have one designee placed in nomination for a seat on the Board of Directors which has been fulfilled through the appointment of Mr. Mark Wheatley as an RCF nominated Non-Executive Director, and RCF has the right to participate in our future equity offerings in proportion to its percentage ownership of the outstanding ordinary shares.
Because of RCF’s ownership of our ordinary shares, RCF has the ability to exercise a substantial degree of influence over matters requiring shareholder approval. Those matters include the election of directors, amendments to the certificate of incorporation and approval of significant corporate transactions. This control could have the effect of delaying or preventing a change of control of the Company or changes in management and will make the approval of certain transactions difficult without the support of RCF, including transaction in which other shareholders might otherwise receive a premium for their ordinary shares over the then-current market price. In addition, RCF could privately sell control of the Company without other shareholders realizing any change-of-control premium. RCF may also have other interests that are different from, in addition to or not always consistent with our interests or with the interests of other shareholders.
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Last
7.4¢ |
Change
0.001(1.37%) |
Mkt cap ! $235.8M |
Open | High | Low | Value | Volume |
7.3¢ | 7.5¢ | 6.9¢ | $1.295M | 18.08M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 55001 | 7.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.5¢ | 330000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 55001 | 0.072 |
8 | 1276569 | 0.070 |
10 | 495790 | 0.069 |
11 | 1233962 | 0.068 |
3 | 2498507 | 0.067 |
Price($) | Vol. | No. |
---|---|---|
0.075 | 270000 | 1 |
0.076 | 94837 | 3 |
0.077 | 33784 | 1 |
0.078 | 18000 | 1 |
0.079 | 1265822 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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