Application has been made for 6,334,275,841 New Ordinary Shares of 0.001 pence each to be admitted to trading on AIM and AQSE in place of the Existing Ordinary Shares. It is expected that Admission will become effective on 3 April 2020.
april was touted as next Joint Coordination Committee
"Following the signing of the Consortium Agreement in February 2020 ; in the third week of March Oracle and its partners submitted the Letter of Intent (" LOI ") application to the Private Power and Infrastructure Board. The LOI approval, being the intent to purchase power granted by the Pakistani Government , is the next major step required in developing Thar Block VI . It will then provide Oracle and its partners with the ability to proceed to financial close . In the context of the COVID-19 pandemic, it is prudent to expect possible delays. However, we are hopeful that the process will be completed before the next Joint Coordination Committee meeting which is expected by the middle of this year or earlier. In the meantime, Oracle and its partners are continuing to work towards finalising the Joint Investment Agreement and Shareholders Agreement .