SUNDANCE RESOURCES Forum: Community User: Scoty82

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29.07.20 ist Hauptversammlung.😄

Sundance met with AustSino on 17 July 2020 and was presented with a number of documents to support that progress was being made in funding the Sundance Agreement. The Board of Sundance was pleased to view the documents but did not believe there was sufficient progress to enable it to say that the condition precedent had been satisfied. Nevertheless, Sundance has agreed to waive this condition but not otherwise release AustSino and has given AustSino another five business days (i.e. to 24 July 2020) for AustSino to provide further evidence that the required bank processes, which needs to be undertaken in order for the funding under the Sundance Agreement to be available, are being advanced. The Sundance shareholders’ Extraordinary General Meeting, which was adjourned on 29 June 2020, is now expected to be reconvened before the end of July 2020. Shareholders will be kept advised with regards to the reconvened meeting.

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Kohle für SDL. Und die Preise sind interessant.

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Und was bringt uns diese info Silizium ?

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IMPLICATIONS FOR AGREEMENT WITH SUNDANCE AustSino has previously entered into an agreement to pay A$29 million (“Completion Payment”) to Sundance Resources Ltd (“Sundance”) and Sundance will: (a) issue to AustSino 11,153,846,154 shares at an issue price of A$0.0026 per Share; and (b) grant AustSino 11,153,846,154 unlisted options at an exercise price of A$0.02, which have an expiry date of five years after the date of issue, are transferable to persons that do not require a disclosure document and are otherwise on terms consistent with options issued to existing Sundance Noteholder, (“Sundance Transaction”). The Sundance Transaction is conditional, among other things, on AustSino completing a placement of ANS Shares to fund the Completion Payment. The Company will satisfy this condition precedent by undertaking the Midwest Placement.

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