TZL 0.00% 10.0¢ tz limited

reduction of capital

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    Just spoke to management and it was confirmed to me that the Nasdaq ipo will carry the same amount of shares as currently in existence. This apart from possible capital raisings. So under the heading Nasdaq update in todays 1/2 yearly the requirement of reduction of capital refers to the cancellation of the Australian shares followed by reissuance of American shares. So nothing to worry about.
    As we know the minimum requirement for Nasdaq listing is US$5 but management confidently reaffirmed that that threshold would be easily taken.
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