AfriAg Global Plc - Notice of GM for Apollon Formularies Acquisition
PR Newswire
Proposed Appointments and Resignations
General Meeting to Approve the Acquisition of Apollon Formularies Ltd
Posting Admission Document and Notice of General Meeting
Further to previous announcement regarding the proposed reverse take-over of medicinal cannabis company Apollon Formularies Ltd ( Apollon ) (the RTO or the Proposed Acquisition ) on 23 February 2021, AfriAg is pleased to announce today the posting of its admission document and notice of general meeting to be held at 7-9 Swallow Street, London, United Kingdom, W1B 4DE at 10 a.m. (London Time) on 12 April 2021.
As a consequence of COVID-19, the General Meeting will be run as a closed meeting and Shareholders will not be able to attend.
AfriAg Global Plc - Posting of Supplementary Admission Document
PR Newswire
Posting of Supplementary Admission Document
The Company announces, further to the announcement of 19 March 2021, a supplementary admission document is being posted to shareholders today.
Pursuant to Apollon s option to acquire 90% of the stock of Doc s Place under a Right to Purchase Understanding ( Doc s Place RPU ), and Apollon s exclusive right to purchase the assets and assume certain liabilities and obligations of CBev under a Right to Purchase Understanding ( CBev RPU ), an additional risk factor is being brought to Shareholder s attention.
A copy of the Chairman s letter, including the additional risk factor, contained in the supplementary admission document, in the event that either the Doc s Place RPU or CBev RPU is triggered, are set out in full below in this announcement without material amendment or adjustment.
Rincon Resources Pty Ltd The Company advised in late June 2020 that it had invested AUD$250,000 (approximately £140,000) in Rincon Resources Pty Ltd ( Rincon ), an Australian gold and base metals exploration company. At the time the Company investment represented approximately 28% of Rincon. Rincon Resources is a Western Australian ( WA ) focused gold and base metals company and holds the rights to three highly prospective projects in WA, with a main focus on the South Telfer Project, covering 50,000-hectares in the Paterson province. The South Telfer Project is approximately 12km south of Newcrest Limited s Telfer mine. Rincon s Laverton and Kiwirrkurra Projects are also highly prospective gold and base metals projects.