Fulcrum Metals boost Saskatchewan uranium exploration assets by 221% to 59,000 acres. Watch the full video here.
Yes, household fires due to exploding Lithium Ion batteries could cause some litigation issues in future. Government funding with Agent Sunak and Agent Hunt at the helm I would discount until after next weeks vote imo. Anyone that cannot vote online can do so in person at the London meeting on monday if they want to do so.
LearningG = bergen imo. Be aware folks.
I have voted yes to all resolutions. There should be a 'voting mailbox' or 'corporate actions' section or similar, depends on your app. Call them if necessary. It is important to vote today by the 10am deadline atb.
See the website for further info:-
Shares now out there = 237m total. Bergen has had their last lot now imo as discussed earlier. There was a final 3rd tranche for Bergen but I can't see that happening now. ENET can pay them off instead with cash coming in. Just $600k gets Bergen to FRO for ever. Best to pay them off now the SP has taken off. Bergen were targeting dropping it to 0.3p imo but have been thwarted. That's Bergens modus operandi, death spiral financing is called that for a reason.
This is all great news for ENET. DL has learnt to deal with what these Bergen parasites were up to. Time to Release the beast!
Relevant extract from Nov 10th RNS below:-
The Company has issued and allotted an initial 44,900,000 Ordinary Shares (the "Tranche 1 Shares"), conditional on their admission to trading on AIM, pursuant to the Company's existing share authorities. It will issue a further 43,600,000 Ordinary Shares to the Subscriber on receipt of a notice from the Subscriber, also pursuant to the Company's existing share authorities. Subject to the Company receiving shareholder approval for an increase in its headroom to allot shares free from pre-emptive or other preferential rights or other rights or restrictions, the Company will issue a further 61,500,000 new Ordinary Shares (the "Conditional Subscription Shares") to the Subscriber on receipt of subsequent notices. Out of the 61,500,000 Conditional Subscription Shares, 50,000,000 can be issued only provided that the market price of an Ordinary Share exceeds 0.3p at the time of issue. Ethernity will shortly be convening a general meeting ("General Meeting") of the Company to seek shareholder approval for an increase in its authorities to allot shares on a non-preemptive basis.
Subject to the passing of the resolutions at the General Meeting, the Subscriber will have until the thirtieth calendar day after the date of the General Meeting to notify the Company to issue the Settlement Shares in full (the "Issuance Notice Period"). Should the Subscriber not call the entire allotment of the Settlement Shares during the Issuance Notice Period, the Company will have no further obligation to the Subscriber at the end of the Issuance Notice Period.
The entering into of the Agreement has been approved by the Court in Lod in accordance with the requirements of the ongoing temporary suspension of proceedings to which the Company is subject ("TSP") process. Pursuant to the Agreement, should the resolutions not be passed at the General Meeting, the Company would have an outstanding debt to the Subscriber of US$600,000 to reflect the non-issue of the Conditional Subscription Shares. The Directors of Ethernity believe that this debt could seriously adversely impact the Company's ability to exit the TSP process and therefore strongly recommends that shareholders vote in favour of the resolutions at the General Meeting.