LEG 6.90% 13.5¢ legend mining limited

to be rerated after egm to approve casey deal

  1. 3,954 Posts.
    lightbulb Created with Sketch. 309
    Under the deal, Mr Creasy and his associated entities will receive 75,000,000 Legend shares and
    75,000,000 options for the acquisition of Gidgee Resources. Mr Creasy will also have the ability to
    convert a $5 million Convertible Note into up to 125,000,000 Legend shares and 125,000,000 options. An
    Independent Expert’s Report has been prepared and is included in the attached Explanatory
    Memorandum. The independent expert has concluded that the transaction is not fair but reasonable
    to the non-associated Shareholders. The Directors believe the transaction is in the best interests of the
    non-associated Shareholders given the level of cash being invested into the Company, which positions
    Legend to maximise its potential to become a major gold explorer and producer. This transaction,
    along with the further raising, will secure the financial strength of the Company allowing it to focus
    immediately on aggressive exploration drilling programmes and resource expansion programs.
watchlist Created with Sketch. Add LEG (ASX) to my watchlist
(20min delay)
Mkt cap ! $340.8M
Open High Low Value Volume
14.0¢ 14.5¢ 13.5¢ $139.9K 1.000M

Buyers (Bids)

No. Vol. Price($)
13 1390523 13.5¢

Sellers (Offers)

Price($) Vol. No.
14.0¢ 46490 1
View Market Depth
Last trade - 16.10pm 09/07/2020 (20 minute delay) ?
-0.010 ( 3.57 %)
Open High Low Volume
14.0¢ 14.0¢ 13.5¢ 254410
Last updated 14.35pm 09/07/2020 (live) ?
LEG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.