Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I think this may be out of date but interesting to see the costs involved in listing on Aim
0264 - Joining AiM Guide - London Stock Exchange Group
https://gettingthedealthrough.com/area/112/jurisdiction/106/public-m-a-bermuda/
Types of transaction
How may publicly listed businesses combine?
The principal methods of business combination are:
private purchase of shares of a target company;
private purchase of a target company’s underlying business;
public offer for shares in a target company;
statutory merger;
statutory amalgamation; and
statutory scheme of arrangement.
In Bermuda, amalgamations and mergers are the most common ways to effect an acquisition. The main difference between a merger and an amalgamation is that an amalgamation involves the convergence of the amalgamating companies and their continuance as a ‘new’ amalgamated company, while a merger involves the merging of companies resulting in a vesting of assets and liabilities into the ‘surviving company’.
Typically, business combinations are structured as triangular transactions. This type of transaction typically involves the buyer establishing a subsidiary company in Bermuda that amalgamates or merges with the target company. The shareholders of the target company may receive:
cash consideration;
securities or shares; or
a combination of the above.
See website for more info.
Thanks Jarv55
I was reading it before but couldn't copy it over ..we need some.corporate lawyers to understand all this corporate law jargon. I understand that ther is 14% out there and an investor can be accumulating a large chunk , but then ther r the Bermudan bye laws as to who can vote and have a say. It certainly needs one w brains .
Richland (AIM: RLD) is pleased to announce that the Company has conditionally raised, in aggregate, approximately £150,000 (before expenses) through a placing of 105,000,000 new common shares of US$0.0003 each in the capital of the Company ("Common Shares") (the "Placing Shares") (the "Placing") with certain new investors at an issue price of 0.10 pence per Placing Share (the "Issue Price") and a subscription for a further 45,000,000 new Common Shares (the "Subscription Shares") by a new investor also at the Issue Price (the "Subscription") (the Placing and Subscription together being the "Equity Fundraising").
And why is Peter House only taking 1% on the subscription?
So what if it is a non uk investor?
A person must notify the issuer of the percentage of its voting rights heholds as shareholder or holds or is deemed to hold through his direct orindirect holding of financial instruments falling within n DTR 5.3.1R (1) (or acombination of such holdings) if the percentage of those voting rights:(1) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10%and each 1% threshold thereafter up to 100% (or in the case of anon-UK issuer on the basis of thresholds at 5%, 10%, 15%, 20%,25%, 30%, 50% and 75%) as a result of an acquisition or disposal ofshares or financial instruments falling within n DTR 5.3.1 R; or(2) reaches, exceeds or falls below an applicable threshold in (1) as aresult of events changing the breakdown of voting rights and on thebasis of information disclosed by the issuer in accordance withn DTR 5.6.1 Rand n DTR 5.6.1A R;
Peterhouse are due 5 per cent. commission on the gross proceeds of the Placing and 1 per cent. commission on the gross proceeds of the Subscription which it has agreed will be settled by the issue of 5,700,000 new Common Shares to Peterhouse (the "Commission Shares"). In addition, Peterhouse has agreed that its initial six monthly retainer fee for 2020 will be settled by the issue to it of a further 10,000,000 new Common Shares at the Issue Price (the "Broker Fee Shares").
The Equity Fundraising is conditional upon admission of the Placing Shares and Subscription Shares to trading on AIM ("Admission").
The Placing Shares and Subscription Shares (together, the "Equity Fundraising Shares") represent, in aggregate, approximately 14.64 per cent. of the Company's enlarged issued share capital (as enlarged by the Equity Fundraising Shares, the Commission Shares and the Broker Fee Shares). The Equity Fundraising Shares, Commission Shares and Broker Fee Shares will rank pari passu in all respects with the Company's existing Common Shares and will be issued fully paid.
I think the key is understanding who the main ' new investor' is who potentially could hold quite a significant percentage
Yes at the moment, for the last 3 weeks; good fun x
Gin
What you would call negative turned out to be correct so negative or saying it as it is. You get confused with posters who don't say its going to blow. And as for Rocket well you only need to look at his posts to make a judgement on him lol.
And so easy to predict, typical Friday sell off,oh well I'll have to repurchase again at. 10 Again!!
Prop5 - I don’t hold
At least you are transparent about buying and selling so I will give you that!
As I have said time and time again this has become a trader stock and nothing else.
Anglemarbles forget about Gemfields its not them
What's your holding here again Quindell?
They will list directly on AIM on Valentine’s Day
They aren’t looking to RTO they will already list on a standalone basis
Faberge owner Gemfields returns to London market three years after controversial delisting
Gemfields' emerald mine in Zambia produces as much as $200m worth of the green gems a year
Ed Clowes
17 JANUARY 2020 • 1:00 PM. TELEGRAPH