SUNDANCE RESOURCES Forum: Community User: Scoty82

Wird sicherlich erst die letzten 2-3 Tage ne News kommen.

Bis jetzt nix von Verlängerung zu lesen

Und 12

👍☺️

Noch 13

Ist zumindest geplant 🤗

Am 01.04 geht der handeln wieder los?

Herr Guan ist abgesprungen und hat nicht bezahlt. Schlechtes Zeichen? Läuft nicht wie geplant?

Capital raising update AustSino Resources Group Ltd (ASX: ANS or Company) provides the following update in relation to its capital raising activities. The Company announced on 15 February 2019 that the Company had reached an agreement with a sophisticated investor, Mr Guan, pursuant which Mr Guan agreed to pay $2.6 Million as consideration for approx. 200 Million shares at a subscription price of $0.013 (1.3 cents) per share by no later than 5.00pm on Friday 15 March 2019, otherwise Mr Guan’s Subscription Agreement would automatically terminate. Payment of the outstanding amount was ultimately not received, and accordingly, Mr Guan’s Subcription Agreement automatically terminated at 5.00 pm on Friday 15 March 2019. The Board considers that the Company will have sufficient funds to undertake its budgeted operations and activities, despite the cancellation of the above transaction. The Company is also currently exploring other funding sources. The Company will update the market in due course.

Und top aktuell von heute noch zu ANS

Immer vom 31.03. die Rede

Placement Funding in Sundance In January 2019, AustSino increased its investment in Sundance Resources Limited (ASX:SDL) (Sundance) via a placement of $120,000. Sundance issued 30,000,000 fully paid ordinary shares to AustSino at $0.004 per share. AustSino also received 60,000,000 unlisted bonus options (2 options per share issued) at an exercise price of $0.006 and an expiry date of 5 years post issue. Other than noted above, there has been no additional matter or circumstance that has arisen after balance date that has significantly affected, or may significantly affect, the operations of the Group, the results of those operations, or the state of affairs of the Group in future financial periods.

Sundance Agreement Update In January 2019, the Company provided updates regarding the binding agreement that it signed on 24 September 2018 (“Agreement”) with Sundance Resources Limited (ASX: SDL) (“Sundance”) and the Noteholders of Sundance (excluding Wafin Limited, which subsequently acceded to the Agreement on 28 September 2018). The key terms of the Agreement are set out in AustSino’s ASX announcement on 25 September 2018 (“Announcement”). The Announcement specified that the Agreement was subject to a number of conditions precedent (“Conditions”) including (without limitation) regulatory and shareholder approvals, which needed to be satisfied or waived (as applicable) by 31 December 2018 (“End Date”). On 2 January 2019, AustSino and Sundance reached agreement with all Noteholders to extend the End Date to 31 March 2019.

Sundance Agreement Update In January 2019, the Company provided updates regarding the binding agreement that it signed on 24 September 2018 (“Agreement”) with Sundance Resources Limited (ASX: SDL) (“Sundance”) and the Noteholders of Sundance (excluding Wafin Limited, which subsequently acceded to the Agreement on 28 September 2018). The key terms of the Agreement are set out in AustSino’s ASX announcement on 25 September 2018 (“Announcement”). The Announcement specified that the Agreement was subject to a number of conditions precedent (“Conditions”) including (without limitation) regulatory and shareholder approvals, which needed to be satisfied or waived (as applicable) by 31 December 2018 (“End Date”). On 2 January 2019, AustSino and Sundance reached agreement with all Noteholders to extend the End Date to 31 March 2019. Placement Funding in Sundance In January 2019, AustSino increased its investment in Sundance Resources Limited (ASX:SDL) (Sundance) via a placement of $120,000. Sundance issued 30,000,000 fully paid ordinary shares to AustSino at $0.004 per share. AustSino also received 60,000,000 unlisted bonus options (2 options per share issued) at an exercise price of $0.006 and an expiry date of 5 years post issue. Other than noted above, there has been no additional matter or circumstance that has arisen after balance date that has significantly affected, or may significantly affect, the operations of the Group, the results of those operations, or the state of affairs of the Group in future financial periods.

PROPOSED WAPRC AND SUNDANCE TRANSACTIONS In August 2018, the Company subscribed for 187,500,000 fully paid ordinary shares in Sundance Resources Ltd (‘Sundance’) (ASX: SDL) for a subscription price of AUD $0.004 per share. The total placement cost of AUD 750,000 was paid on 7 August 2018. Subsequent to the above, the Company entered into a binding but conditional placement agreement with Western Australian Port Rail Construction (Shanghai) Ltd (WAPRC) under which WAPRC will subscribe for approximately 7,692,307,693 fully paid ordinary shares at $0.013 per share for a total price of AUD 100 Million, which following completion will equate to approximately 61% of the total issued share capital of AustSino (Proposed WAPRC Transaction). On the same date the Company also announced that it has entered into a binding but conditional agreement (Sundance Agreement) with Sundance Resources Limited pursuant to which the Company will acquire:  62,500,000 shares in Sundance at an issue price of $0.004 per share within 15 business days of the date of the Sundance Agreement for consideration of AUD 250,000 (First Placement). (The First Placement was satisfied in October 2018); and  10,545,454,545 shares in Sundance at an issue price of AUD 0.0055 (0.55 cents) per share together with 10,545,454,545 unlisted options at an exercise price of AUD 0.02 (2.0 cents) per option and an expiry date of five years after the date of issue (Second Placement) for a consideration of AUD 58 Million which on completion of the Second Placement will give the Company effective control of Sundance (approximately 50.8%) (Proposed Sundance Transaction). It was not possible for AustSino and Sundance to satisfy all of the condition’s precedent for completion of the proposed transactions by 31 December 2018. Accordingly AustSino, Sundance and all the Noteholders agreed to extend the end date to 31 March 2019. AustSino and Sundance are continuing to take steps to satisfy the conditions precedent for completion of the above transactions. In the meantime, AustSino remains in suspension while it responds to the ASX’s request for further information concerning the proposed WAPRC Transaction, which include requests regarding WAPRC and its corporate / capital structure, the source of the funds and the new controllers of the Company following completion of the WAPRC placement.

ANS hat den Halbjahresbericht veröffentlicht