"Jinchuan Group has exercised its right to convert the Subordinated Loan of $5,458,435 into 6,823,044 shares at 80 cents per share. On completion of this transaction, and following the recent placement through Merrill Lynch, the Jinchuan Group will own 80,623,044 ordinary shares in Allegiance amounting to 10.4% equity holding in Allegiance".
Coincidently 2 months before the first Zinifex takeover offer.
AGM Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held