Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Hi Chris - as I mentioned last night - we are clearly moving in the right direction. Be interesting to see what happens over in the US tonight. VGLA
21:24
That would be nice for me. Lol.
Looks like up 12.5% in the States today - hopefully a period of upward trends is upon us. VGLA 88ers!!
noted we have now relinquished tract 22 at Yukon for full refund, not aware this had appeared in any previous ANN.
" Remaining Yukon acreage retained on State lands after relinquishment of Tract 29 in ANWR. Tract 29 relinquished in
Q2 2022 given ongoing restrictions and inability to explore in lease – funds refunded"
US$ 771,373
https://www.blm.gov/sites/blm.gov/files/docs/2021-01/BLM-Alaska_2021-Coastal-Plain-Sale-Bid-Recap_20210106.pdf
Thanks Brom!
14.16 - Yeah, couldn't remember the base %'age...anyway, I think most will agree, 15% is enough to work on existing prospects which they should have and to try to get a definitive result, rather than looking for greener grass over the fence. easy to say in hindsight but could have done with the 7.1 motion refusal a couple of years back tbh
13:58
company is allowed 15% without reference to shareholders per ASIC / ASX rules
"Broadly speaking, and subject to a number of exceptions, ASX Listing Rule 7.1 limits
the amount of Equity Securities that a listed company can issue without the
approval of its shareholders over any 12 month period to 15% of the fully paid
ordinary securities it had on issue at the start of that period.
However, under ASX Listing Rule 7.1A, an eligible entity may seek shareholder
approval by way of a special resolution passed at its annual general meeting to
increase this 15% limit by an extra 10% to 25% (7.1A Mandate). "
Think Gilbert’s got his work cut out
105 - 10%
09.00 - I saw that. Could be a message that not comfortable with the extra 105 share dilution discretion on top of the standard (12.5%) I think. In recent year in retrospect its been used to purchase other companies that have failed to deliver and put on ice our original plays which showed promise. Comes across as marry the girl you have rather than running round lifting the skirts of others...DWs skirt lifting analogy, not mine
5 - Approval of 7.1A Mandate
No mandate for board to utilise the optional 10% CR capacity without referral to shareholders.
RESOLUTION 5 – APPROVAL OF 7.1A MANDATE
To consider and, if thought fit, to pass the following Resolution as a special resolution:
“That, for the purposes of Listing Rule 7.1A and for all other purposes, approval is given to the Company to issue up to that number of Equity Securities equal to 10% of the issued capital of the Company at the time of issue, calculated in accordance with the formula prescribed in Listing Rule 7.1A.2 and on the terms and conditions set out in the Explanatory Statement.”
5. RESOLUTION 4 – RE-ELECTION OF DR STEPHEN STALEY AS A DIRECTOR
carried
Scrub that
5. RESOLUTION 4 – RE-ELECTION OF DR STEPHEN STALEY AS A DIRECTOR
Not carried :-)
..hey Brom...meaning what?
interesting that resolution 5 not carried, message to the board?
more of the same
must be desperate to release an RNS for that. got to say tho it looks very profressional the pdf presentation.