AOR - Aorere Resources (previously WID)

[moosie_900]

Thought I'd start up a new thread regarding AOR (Aorere Resources), previously WID (Widespread Portfolios), led by Chris Castle. First announcement out from them is more Director's fees in the form of share placement representing ~1% dilution.


Allotment of Shares
8:30am, 7 May 2013 | ALLOT

6 May 2013

Widespread Portfolios Limited Allotment of Shares to Directors in satisfaction of Directors' Fees

Widespread Portfolios Limited (NZX: WID) advises that it has today issued 5,423,182 ordinary shares under NZSX Listing Rule 7.3.7 to its directors at an issue price of $0.011 per share in satisfaction of directors' fees owing as at 31 March 2013. This issue price represents the 20 Business Day volume weighted average price of a Widespread share on the NZSX market.

For and on behalf of the Board,

Chris D Castle
Wellington

Class of security: Ordinary shares
ISIN: NZNZIE0007S5
Number issued: 5,423,182
Issue price: $0.011
Payment in cash: Yes
Fully paid: Yes
Percentage of class: 1.073%
Purpose of the issue: Payment of directors' fees
Authority for issue: Board resolution
Date of issue: 6 May 2013
Total number of securities on issue following allotment: 505,515,342

[Snow Leopard]

Just read the rationale for the name change, and after all you can not be New Zealand focused with a name like 'Widespread', it obviously would not work.

So next they can consolidate the shares that they split after consolidating them, on the grounds that being a penny dreadful is not very 'Kiwi'.

Hard work being a director and doing all this stuff, obviously grossly underpaid, they get shares and not something worth anything.

Best Wishes
Paper Tiger

[blackcap]

It may be coming together as you say Moosie... but the Asian Minerals Share price has not budged. So dont rush out and buy any yet. I hope to go to the AGM next week so may be able to glean some more information from Castle et al as to the future prospects of ASN.
Regards

[croesus]

I will be attending also, we cant be far away from the Brunner Oil seep news.... but as Moosie said CRP is the potential golden ticket

[blackcap]

I will be attending also, we cant be far away from the Brunner Oil seep news.... but as Moosie said CRP is the potential golden ticket

I shall see you there then croesus... have a good trip down from Hastings. Indeed CRP is the "potential" ticket but how often have we heard that in regards to WID, or should that be AOR.

[croesus]

Farmin agreement announced with Mosman, over Brunner Oil Field..... win win for AOR

[croesus]

AOR.... spiked to 1.5 the other day.... trading 1.1/1.2 currently... should here more from Mosman, over Christmas / New year... plus the elephant in the room is Chatham Rock

[blackcap]

AOR.... spiked to 1.5 the other day.... trading 1.1/1.2 currently... should here more from Mosman, over Christmas / New year... plus the elephant in the room is Chatham Rock

I think it only spiked to 1.5 on the "news" that was no news that CRP had passed some permit thingee. I used this as an opportunity to sell. CRP is going no where in a hurry with the price of phosphate now pretty much at cost so they are going to make losses when they start mining rather than profits. Ie mining should not commence regardless. Still plenty of hurdles to get over and no cash to do this.

[ziggy415]

anyone know how many shares in asian min. res. aorere has ....keeps getting watered down same as in chattam rock...its a bugger haveing no money

[blackcap]

For those interested in the progress of Mosman..... found this a few days ago (now that it is listed and all)

http://www.londonstockexchange.com/e...INET1GBGBXASQ1