GREY:MWSWF - Post by User
Comment by
CQCmasteron Dec 13, 2014 12:10am
121 Views
Post# 23226872
RE:RE:RE:7 hours ago
RE:RE:RE:7 hours agokstull wrote: Where you find they pass review??? The company finance & restructure statement with hardship application says they expect results by 12/18/14.
from statement:
• Mawson West has had to seek TSX approval for the transaction under a Financial
Hardship Application as elements of the transaction could not otherwise have been
implemented on the necessary timeframe
• The Company expects to hear the result of the application by Thursday 18th
December
Delisting Review
• The TSX automatically conducts a delisting review when a Company makes a Financial
Hardship Application
• The purpose of the review is to determine whether the Company has adequate
funding for its commitments over the next 6 months
• The Mawson West Board is confident that it will have adequate funding posttransaction,
given the current outlook for the company’s operations and the copper
market
Advisers • Mawson West’s financial adviser in respect of the transaction is Azure Capital Limited
I said "they'll" pass as in they will pass. Read the recent news about that; they have 120 days to do so