SUNDANCE RESOURCES Forum: Community User: Scoty82

🥳👍

Nach vielen Jahren wieder mal was positives... Bleibt zu hoffen dass es endlich mal aufwärts geht. Potenzial wäre ja da ... . Nochmals 0,4€ bis 0,6€ in den kommenden Jahren wäre sensationell 📈

Wann kann dann wieder gehandelt werden? Werde aus der Meldung nicht ganz schlau

Das ist ein sehr guter Fortschritt 👍

Abstimmung ist durch..... alles angenommen

Sundance Resources Limited(ASX : SDL)General MeetingChairman’s AddressThe past 12 months have delivered considerable progress in putting the parts together to move the world-class Mbalam-Nabeba Iron Ore Project towards development. While 2019 and 2020 was a frustrating period in the sense that steps towards development have taken longer than we would have hoped, we greatly appreciate and acknowledge the patience of our shareholders. We do believe we have a way forward.To that end, on behalf of the Directors of Sundance, I welcome you to our extraordinary general meeting.As you know, on 8 July 2019, Sundance announced that it had entered into an agreement with AustSino and the Noteholders of the Company which would, if implemented, result in the Company receiving net cash of A$4 million and reducing its liabilities by approximately A$132 million. The Proposed Transactions under this agreement are subject to, amongst other things, Shareholder approval at this EGM for the purposes of the ASX Listing Rules and the Corporations Act. Under the Proposed Transactions the Company has agreed, in consideration for A$29 million and subject to a number of conditions precedent being satisfied or waived, to issue to AustSino 11.15 billion Shares and 11.15 billion Options at an exercise price of 2 cents and an expiry date of five years after the date of issue ; and on completion of the issue of AustSino Shares and AustSino Options, the Company’s Convertible Notes will be cancelled in exchange for a cash payment of A$25 million and the issue of 2 billion Shares and 5 billion Options at an exercise price of 2 cents to the Noteholders.If these Proposed Transactions are implemented the Company will extinguish all of its debt under the Note Cancellation resulting in AustSino having voting power of 51.9% in the Company and the Noteholders combined having voting power of approximately 9.02%. The AustSino Transaction and Note Cancellation are inter-conditional. This means that if Shareholders do not approve both the AustSino Transaction or the Note Cancellation, then neither will be implemented. The Directors believe that the Proposed Transactions are in the best interests of Shareholders and, therefore, recommend that you vote in favour of the Proposed Transactions. The full details were contained in the Notice of Meeting but in summary the reasons we are supporting these transactions are: 2| P a g eStronger balance sheet and cash position. On completion Sundance will have no debt and $4 million of cash. If all of the AustSino Options and options held by the Noteholders are exercised before their expiry date, this will result in a cash injection of approximately A$320 million.In addition, the Company considers that the continued involvement of AustSino as a strategic investor in Sundance is important to developing the Project. AustSino has helped bring together a significant consortium of Chinese entities which are interested in funding, building, and operating our project.Sundance engaged an independent expert, Pendragon, to consider the issue of Shares to AustSino and to prepare the Independent Expert’s Report to assist Shareholders in understanding the merits of the AustSino Transaction. Pendragon has concluded that the issue of Shares to AustSino as contemplated by Resolution 1 is fair and reasonable to Shareholders who are not associated with AustSino or the Noteholders.DAVID PORTERChairmanSundance Resources LimitedFurther

News!

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Danke👍👍😷😎🕶️

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Am 20. Juli 2020 gab Sundance bekannt, dass es auf weitere Beweise warte, dass die erforderliche Bank Prozesse, die von AustSino durchgeführt werden müssen, um die Finanzierung im Rahmen des Sundance Vereinbarung zur Verfügung stehen, werden vorangetrieben. Sundance freut sich bekannt zu geben, dass die Bankprozesse begonnen haben, aber noch nicht weit fortgeschritten sind. genug für Sundance, um AustSino die vereinbarte Freilassung zu ermöglichen. Sundance wird weiter beobachten Fortschritt und Aktualisierung der Aktionäre entsprechend der Entwicklung der Situation. Dieses Ergebnis hat keinen Einfluss auf die Umsetzung des Sundance-Abkommens, das die Erfüllung verschiedener aufschiebender Bedingungen. Gemäß der Ankündigung des Unternehmens vom 21. Juli 2020 haben die Sundance-Aktionäre den außerordentlichen General Das Treffen, das am 29. Juni 2020 vertagt wurde, wurde nun auf Mittwoch, den 29. Juli 2020, verlegt. um 10:00 Uhr (Perth-Zeit) im Celtic Club, 48 Ord Street, West Perth. Diese Veröffentlichung wurde vom Board of Sundance genehmigt. Übersetzt mit www.DeepL.com/Translator (kostenlose Version)

On 20 July 2020 Sundance announced that it was waiting on further evidence that the required bank processes, which need to be undertaken by AustSino in order for the funding under the Sundance Agreement to be available, are being advanced. Sundance is pleased to announce that the bank processes have commenced but are not advanced far enough for Sundance to provide AustSino with the agreed release. Sundance will keep monitoring progress and update shareholders as the situation evolves. This outcome does not affect the implementation of the Sundance Agreement which requires the satisfaction of various conditions precedent. As per the Company’s announcement on 21 July 2020 the Sundance shareholders’ Extraordinary General Meeting, which was adjourned on 29 June 2020, has now been reconvened to Wednesday, 29 July 2020 at 10:00am (Perth time) at the Celtic Club, 48 Ord Street, West Perth. This release has been authorised by the Board of Sundance.

Am 21. Juli 2020 kündigte die AustSino an, dass sie noch innerhalb der nächsten fünf Werktage (d.h. bis 24. Juli 2020), liefern Sundance weitere Belege dafür, dass die erforderlichen Bankprozesse, die unternommen werden, damit die Mittel im Rahmen des Sundance-Abkommens zur Verfügung stehen, werden fortgeschritten. AustSino freut sich bekannt zu geben, dass die Bankprozesse begonnen haben, obwohl Sundance hielt sie für nicht weit genug fortgeschritten, damit Sundance AustSino die vereinbarten Freigabe. Die AustSino wird weiterhin mit der Midwest Resources Finance Group Pty Ltd zusammenarbeiten, um diese Prozesse vorantreiben und die Aktionäre entsprechend der Entwicklung der Situation auf dem Laufenden halten. Dieses Ergebnis hat keinen Einfluss auf die Umsetzung des Sundance-Abkommens, das die Erfüllung verschiedener aufschiebender Bedingungen. Von Michael Keemink, Exekutivdirektor, zur Freilassung autorisiert. Übersetzt mit www.DeepL.com/Translator (kostenlose Version)

On 21 July 2020 AustSino announced that it will still work to, within the next five business days (i.e. to 24 July 2020), provide further evidence to Sundance that the required bank processes which need to be undertaken in order for the funding under the Sundance Agreement to be available, are being advanced. AustSino is pleased to announce that the bank processes have commenced although Sundance deemed they were not advanced far enough for Sundance to provide AustSino with the agreed release. AustSino will continue to work with Midwest Resources Finance Group Pty Ltd to progress these processes forward and will update shareholders as the situation evolves. This outcome does not affect the implementation of the Sundance Agreement which requires the satisfaction of various conditions precedent. Authorised for release by Michael Keemink, Executive Director.

Kann bitte jemand die Neuigkeiten übersetzen und posten, evtl. deuten❓Danke❗❗😷😎🕶️

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