Anvil Mining Limited advises that the Australian Securities Exchange (“ASX”) has granted a waiver from Listing Rule 7.1 to permit the Company to issue securities without security holder approval.
The specific waiver that has been granted to the Company is subject to the
– The Company remains subject to, and complies with, the listing rules of the Toronto Stock Exchange (“TSX”) with respect to the issue of new securities;
– The Company certifies to ASX on an annual basis (on or about September 30 each year) that it remains subject to, has complied with, and continues to comply with, the requirements of TSX with respect to the issue of new securities; and
– If the Company becomes aware of any change to the application of TSX listing rules with respect to the issue of new securities, or that the Company is no longer in compliance with the requirements of TSX with respect to the issue of new securities, it must immediately advise ASX.
ASX reserves the right to revoke the waiver if the Company fails to comply with any of the above conditions or there are changes to the TSX listing rules in respect of the issue of new securities such that, in the opinion of ASX, the regulation of the issue of new securities under those TSX listing rules ceases to be comparable to the regulation of the issue of new securities under the ASX listing rules.
The waiver came into effect in February 2008, however formal notification from ASX was not received by the Company until August 28, 2008.