RE: Share Price11 Jan 2018 17:20
The Argentina deal is not yet signed and sealed...it should be done by the 29th Jan ...as stated in the rns dated 3rd Jan.....hence why the bod has announced the 31st for the OO for pi s.
n completing the Acquisition Agreements, the Company and CGC also agreed to amend the Acquisition Agreements such that the joint operating agreements will now be entered into on or before 29 January 2018.
Intended Open Offer
�
The Company also wishes to provide an update on the previously announced intended Open Offer, intended to be launched in January 2018, of up to 11,428,572 Offer Shares at 17.5 pence per Offer Share to raise up to �2.0 million, before expenses. The Open Offer was not required by the Company to fund operations but was instead intended to provide qualifying shareholders with the opportunity to subscribe for additional Ordinary Shares at the same price as was available to placees under the Placing.
To avoid unnecessary costs, the Open Offer will only now be launched if, in the opinion of the Directors, the��Company's Ordinary Shares trade at a level that supports the Open Offer being made prior to 31 January 2018.
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=ECHO&ArticleCode=7c0olq3x&ArticleHeadline=Result_of_GM_Acquisition_and_ReAdmission