CSD 0.00% 12.5¢ consolidated tin mines limited

Turville, the official takeover date of SPM assets was Jan 12/13...

  1. 18,417 Posts.
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    Turville, the official takeover date of SPM assets was Jan 12/13 -2015

    From this date CSD has assumed control of SPM production and revenues and liabilities and working capital facility etc

    Even though the transfer of shares 580m has still not occurred

    Therefore it is fair and reasonable to assume that the issue of escrow shares will be back dated to take effect from this date - Coming out of escrow in Jan 17

    The convertible note agreement states that it will be redeemed after 12 months and with interest paid in arrears - redeemable by Jan 16 into 165m shares

    IMO, if CSD has taken control of SPM assets in jan 15 then this will be the date for all escrow shares and convertible notes



    DYOR
    Last edited by Merchant2000: 01/07/15
 
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