RGX 0.00% 5.3¢ red gum resources limited

News: Red Gum Resources granted halt

  1. Red Gum Resources (ASX:RGX) has been granted a trading halt by the ASX pending the release of an announcement in respect of the results of the company’s extraordinary general meeting.

    The Australian Travel Group is looking to make a reverse takeover via Red Gum Resources.

    The group intends to grow with organic and A&D processes, and the acquisitions of Holiday Planet, Asia Escape and Motive Travel provide a linchpin to the Company’s near term growth.

    If shareholders do not approve those resolutions relating to a significant change in the nature and scale of the company’s activities, the trading halt in the company’s securities will be lifted.

    The company is looking to change the nature and scale of its activities, which would require compliance with Chapters 1 and 2 of the Listing Rules.

     

 
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Currently unlisted public company.

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