Red Gum Resources Limited (ASX :RGX) was listed in January 2012 as a junior exploration company with projects based in Latin America focused on copper, gold and polymetallic opportunities within specific project areas of Chile and Peru.
Following a general industry downturn and lack of sustainable investor support the Company announced in June 2014 that it had signed acquisition agreements with three private, independently operated travel businesses based in Perth Western Australia, subject to certain conditions including regulatory and shareholder approvals. The intention is that Red Gum would seek to relist, under Chapters 1 and 2 of the ASX Listing Rules, following the acquisitions, capital restructuring, changes in board composition, and capital raising, as the “Australian Travel Group Limited”. Relisting is anticipated during Q4 2014.
At this stage the Company intends to retain all of its fully owned mining concessions with a view to preserving their value in order that the new board may determine the best manner of realising their potential, hopefully in an environment of more favourable commodity investor sentiment.
CAPITAL STRUCTURE (As at October 2014)
- Listed on the ASX on 17 January 2012;
- Currently 832,000,000 Quoted Shares (ASX : RGX) on Issue;
- 176,000,000 Quoted Options exercisable at 1c expiry 15 November 2017;
- 61,234,053 Quoted Options (ASX: RGXO) exercisable at 10c expiry 1 March 2016.
- 5,000,000 Unquoted Options (ASX:RGXAK) exercisable at 15c expiry 30 April 2016.
Dr Raymond Shaw, Executive Chairman;
Jennifer Tobin, Non-Executive Director.
Edwin Bulseco, Non-Executive Director.
Company Secretary: Malcolm Lucas-Smith
Chief Financial Officer: Vicky Allinson
Registered Office: 79 Angas Street, Adelaide SA, 5000.