GREY:GDPEF - Post by User
Comment by
LeftBookon Jul 30, 2019 9:23pm
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Post# 29977427
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Does ML7 still need a listing ?
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Does ML7 still need a listing ?
It is not clear if Metals/AUSAG was able raise the capital or not.
they say they could. everything else says they could not.
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March/May 2017
[Sprott] was very angry that the 4 to 1 share offered that George Young released news about didnt happen. Young blamed the Tsx venture that they did not allow Ausag to list on the venture.
Did AUSAG meet the capital requirements of TSX venture ?
If so RCG shareholders would have received 1:4 of say $8M or $2M worth of shares.
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March 2018
Terranova said that they could have easily done a ipp for 7 million but changed their mind.
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gain from the article March 2018
this part is weird. Aside from RCG is out of Vancouver. Sprott is out of Toronto
RCG had a 1:4 deal with AUSAG prior to it being rebadged as Metals 479.
“I always put it down to opportunity and an element of luck,” Mr Terranova said. “The vendor, being Resource Capital Group out of Toronto, was probably in a position where they had to do a deal quite quickly and therefore the opportunity arose.
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May 5, 2018
We have been informed by the company that Metals479 offer will not proceed at this current time as a number of potential opportunities have arisen and the company is assessing them prior to the IPO.
As a result, we will be returning your funds.
= they couldn't raise the minimum subscription.
https://hotcopper.com.au/threads/we-get-a-refund.4172173/page-4
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