News Column

Segue Resources Limited - Additional Escrow Agreement with Major Shareholder

May 23, 2014

ENP Newswire - 23 May 2014

Release date- 22052014 - Segue Resources Limited is pleased to announce it has entered into a voluntary escrow agreement with the Company's largest shareholder, N&J Mitchell Holdings Pty Ltd, to escrow all shares currently held until 13 December 2014.

N&J Mitchell controls 292,500,000 Segue shares, representing an 18.3% interest in the Company. Of this total, 263,000,000 shares were issued as part of the acquisition of Segue's Fraser Range assets in December 2013 and are already subject to escrow until 13 December 2014. N&J Mitchell has agreed to place a similar escrow on its remaining 29,500,000 shares.

Commenting on the additional escrow, Segue's Managing Director, Mr Steven Michael, said: As Segue's largest individual shareholder, it is a strong show of support for N&J Mitchell to escrow its entire shareholding until the end of 2014. When combined with the other escrowed shares, Segue has nearly one third of its shares on issued under escrow.

For further information visit


Mr Steven Michael

Managing Director

Segue Resources Limited

Tel: +61 8 9486 4699


For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: ENP Newswire

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters