The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
We are in court today to change our name and should re trade on 16th as Bullabulling Gold Ltd,on a 1for 1.
BBG shares will be same price as GGG.But are better value than GGG as they will only be looking to get it into a working mine,with only one set of management.Not A REC only my thoughts.GL.
Same answer as last time. BBG currently has 3 ordinary shares in issue. Under the UK scheme of arrangement, GGG Shareholders will be issued with the same number of BBG Shares for the cancellation of their GGG Shares.
03/07/2012 | 06:50pm Auzex Resources Limited : 08/03/2012 Bullabulling Gold appoints Managing Director 8 March 2012 Bullabulling Gold appoints Managing Director Auzex Resources Limited (ASX:AZX, "AZX") and GGG Resources Plc (GGG:AIM, GGB:ASX, "GGG") are pleased to announce that Brett Lambert has been appointed as Managing Director of Bullabulling Gold Limited effective on 1 May 2012 following completion of the merger of the two companies. Brett Lambert, 51, has held the position of Chief Executive Officer in three mining companies over a thirteen year period, and has been a director of companies listed on the Australian Securities Exchange, Toronto Stock Exchange and the Stock Exchange of Thailand. He is an Australian mining engineer and senior executive with over 30 years' experience in project development and the operation of resources companies, including several mines based in the Coolgardie region of Western Australia where the Bullabulling project is located. Brett's experience includes working in precious and base metals, and uranium. Over a successful three-decade career he has gained a strong set of financial, technical and people skills which cover the essential elements of exploration, commissioning and production. Importantly, his experience includes taking several projects through feasibility studies and into production and has been involved in two successful mergers and a number of asset acquisitions. He was responsible for the financing and development of the Paulsens gold mine and oversaw feasibility studies for the Casposo gold and silver mine in Argentina and Nifty Sulphides copper mine. Brett managed site activities during development of the Three Mile Hill gold mine, and was Project Director for the evaluation and construction of the Pillara, Goongewa and Kapok lead zinc mines. John Lawton, Managing Director of Auzex Resources Limited and Jeff Malaihollo, Managing Director of GGG Resources Plc, commented: "We are delighted to announce the appointment of such an experienced and capable Managing Director. Brett will be responsible for delivering the Bullabulling gold project to commence gold production in 2015. We expect to draw heavily on his skill set and experience of taking projects into production and his valuable contacts among Australian investors and the mining industry. "Bullabulling is entering a critical phase in its development and we are excited to have someone of Brett's calibre leading the operational team and joining the new main board."
This is an increase in resource,a good increase,with more to come.Nice to see.
Just to big to post. See linc. https://www.halifaxmarketwatch.co.uk/security.cgi?csi=112481&action=news&story_id=19922738&rns=1
Cancellation Please note that it is expected that, if the Scheme becomes Effective, the admission to dealings of GGG Shares on AIM will be cancelled with effect from 07:00 a.m. on 16 March 2012. Other Terms and expressions in this announcement shall, unless the context otherwise requires, have the same meanings as given to them in Scheme Circular sent to shareholders in relation to the Scheme dated 13 December 2011. The Directors will make further announcements in due course. Out late last night.
Update re Scheme and listing of Bullabulling Gold Ltd GGG Resources plc (the "Company" or "GGG") Update re Scheme and listing of Bullabulling Gold Limited The Board of GGG is pleased to provide the following update in relation to the proposed dual listing of Bullabulling Gold Limited ("BBG") on AIM and the ASX. As announced on the 20 February 2012, the draft Admission Document and information memorandum has been submitted to the ASX for review. The ASX has indicated to the Company that approval may not be received in time for the previously anticipated GGG Scheme Court Hearing on 8 March 2012. Consequently, at the court hearing earlier today, the Company applied for an adjournment until 15 March 2012. It is expected that BBG's admission to AIM will now occur on 16 March 2012. An updated outline of the anticipated timetable in relation to the Scheme and dual listing is set out below: Event Time Lodge Appendix 1A and Information Memorandum Fri 17 Feb 2012 with ASX Last day of dealings in GGG CDIs on ASX Wed 29 February 2012 Disablement of GGG Shares in CREST Wed 14 March 2012 GGG Scheme Record Time 6.00pm (UK) Wed 14 March 2012 Final GGG Scheme Court Hearing Thurs 15 March 2012 Suspended trading of GGG Shares on AIM Thurs 15 March 2012 Issue of BBG Shares and BBG DIs to GGG Fri 16 March 2012 Shareholders and grant of BBG options to GGG option holders De-listing of GGG from ASX and termination of 5.00pm (WST) Fri 16 March 2012 quotation of GGG CDIs on ASX Cancellation of admission to trading of GGG 7.00am (UK) Fri 16 March 2012 Shares on AIM Commencement of dealings in the New BBG Shares 7.00am (UK) Fri 16 March 2012 on AIM and settlement through CREST of new BBG DIs under GGG Scheme AZX Shareholder Scheme meeting 10.00am (Brisb) Thurs 22 March 2012 BBG listed on ASX and BBG shares quoted on ASX Fri 23 March 2012 AZX Second Court Hearing Tues 27 March 2012 AZX Scheme Effective Date Wed 28 March 2012 BBG shares suspended from ASX until AZX scheme Wed 28 March 2012 implemented AZX shares suspended from quotation on ASX 9.00am (EST) Thurs 29 March 2012 Cash Balancing Placement Date Thurs 29 March 2012 AZX Scheme Record Date 6.00pm (Brisbane) Thurs 5 April 2012 AZX Scheme Implementation Date - BBG shares and Weds 11 April 2012 options issued to AZX shareholders and optionholders Despatch date for new BBG shares and options Weds 11 April 2012 Termination of official quotation of AZX from Thurs 12 April 2012 ASX Commencement of quotation of new BBG Shares on Mon 16 April 2012 ASX Suspension of quotation of BBG Shares on ASX Mon 16 April 2012 lifted * These dates are anticipated dates only and may change without notice. ** On 17 February Auzex announced that the Queensland Supreme Court has approved the Scheme Booklet for the proposed Merger and that, accordingly, Auzex would be posting the scheme booklet and proxy form for the
02/20/2012 | 05:57am GGG Resources PLC : 20 February, 2012 AIM: Update re Scheme and listing of Bullabulling Gold Limited Important Notice: As an existing holder of GGG Resources PLC, whether in the UK or Australia, you will automatically receive the same number of new shares in Bullabulling Gold Limited as your current holding. Shares in Bullabulling Gold Limited will then trade on the ASX and AIM. You do not need to take any action. BullabullingGold Limited will then acquire Auzex resources Limited, this will not affect the number of your shares in Bullabulling Gold Limited. Once completed Bullabulling Gold Limited will own 100% of the Bullabulling Gold project. PhotographerTLP GGG tried a takeover of Azsure and failed but Azure let go the Bullabulling project to become one company so it could be fast tracked into production as a better value company for a shareholder.WE get one for one in the new company better end value for us as only one set of Management.Now the project can move forward at a faster pace.GL.
Letter from AZX to shareholders on 20/01/12 http://www.4-traders.com/AUZEX-RESOURCES-LIMITED-5334208/news/AUZEX-RESOURCES-LIMITED-20-01-2012-Shareholder-Letter-Merger-Update-13977803/
Nice to see we took up all of our rights. https://www.halifaxmarketwatch.co.uk/security.cgi?csi=112481&action=news&story_id=5142613&rns=1
Very good results I am happy to see this going up again.Good rns.
Getting closer. Auzex Resources to raise up to A$8m to develop Bullabulling gold project Monday, October 17, 2011 Auzex Resources (ASX: AZX) has raised $A3.4 million through the placement of about 14.3 million shares at A$0.24 to accelerate the development of the Bullabulling gold project through to completion of its merger with GGG Resources plc (ASX: GGB; AIM: GGG). The merger will combine the 2.6 million ounce Bullabulling Gold project, (previously a 50:50 joint venture), under a single corporate entity to be named Bullabulling Gold, expected to be completed by February 2012. Auzex also intends to raise up to about A$4.6 million via a one for five renounceable rights issue. Pursuant to the rights issue the company will issue up to about 19 million shares at $0.24. The company intends for the rights issue to be underwritten and for a major shareholder to participate in the placement and rights issue. Auzex is currently in a very interesting phase of its development, and is currently on track to complete phase two infill drilling at the Bullabulling Gold Project by December. The company expects results to add further to the JORC Resource of 2.6 million gold ounces. John Lawton, Auzex's managing director, said "the project is at an exciting time with resource drilling continuing to deliver results above those predicted by the resource model and the details of the scoping study are currently being finalised for release in the next few weeks.” Auzex will have fully paid issue capital of 128.5 million shares following the placement and rights issue. The placement was made to institutional and sophisticated domestic and international clients of BBY Limited.
A in depth breakdown of the merger,well worth reading all. http://www.mineweb.com/mineweb/view/mineweb/en/page674?oid=134439&sn=Detail&pid=102055
Nice to see the news today.
Offer extended again. https://www.halifaxmarketwatch.co.uk/rns.cgi?username=&ac=&action=news&rns=1&view=full&story_id=4314306
Azure poss melting. Has there been a mild thaw in the Auzex-GGG stoush? The boxing gloves are still on in the hostile takeover of Australasian explorer and mine developer Auzex Resources by its Western Australian gold project partner, London-based GGG Resources. But is there a mellowing and could a separate company be developed to resolve the issue?
Nearly same as news wire. RNS https://www.halifaxmarketwatch.co.uk/security.cgi?csi=112481&action=news&story_id=4258315&rns=1
News wire release.Worth a read. http://gamutnews.com/20110526/9891/ggg-resources-plc-resource-drilling-and-work-update.html