news I have recieved12 May 2011 19:55
Dear Investor,
Allied Gold Limited ? Scheme of Arrangement
The Company is proposing, subject to approval at a shareholder meeting to be held 6th June 2011 and approval at a court hearing on 20th June 2011, a scheme of arrangement to change the place of incorporation to the UK and to exchange existing shares for Allied Gold Mining Plc, a premium listed company on the main market of the London Stock Exchange, on a 1 for 6 basis.
Terms: for every 6 Allied Gold Limited shares held, you will receive 1 new share of Allied Gold Mining Plc
TimeTable
Effective Date: 20th June 2011
Record Date: 24th June 2011
Pay Date: 30th June 2011
looks like we get one share for every 6 held, lets hope they are 6 times the ruddy price! It's bad enough as it is I'm neck deep in poorly gold stocks. :(