Melbourne, Australia (ABN Newswire) - Valence Industries Ltd. (ASX:VXL) announces that the sale of foreign holdings resulting from the demerger of the Company from its former parent, Strategic Energy Resources Ltd. (ASX:SER) has been completed - Valence was named Tarcoola Gold Limited at that time.
The shares of holders not registered in Australia or New Zealand were held by a custodian as required under the demerger scheme booklet and as advised via ASX announcement by SER on 9 December 2011.
A total of 1,553,931 shares were sold during March 2014 to complete the process and net proceeds will be paid to the foreign holders in the coming week. The shares were sold for an average price of 35.7 cents per share, before costs.
The average number of shares traded per day during the sale process, including the foreign shares sold, was 884,350 shares per day and the foreign shares sold accounted for 12.6% of the average daily sales volume.
About Valence Industries:
Valence Industries plans to restart operations at the world-class Uley Graphite Project on the Eyre Peninsula in South Australia.
Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!
Melbourne, Australia (ABN Newswire) - Valence Industries Ltd. (ASX:VXL) announces that the sale of foreign holdings resulting from the demerger of the Company from its former parent, Strategic Energy Resources Ltd. (ASX:SER) has been completed - Valence was named Tarcoola Gold Limited at that time.
