LONDON (AFX) - Chaco Resources PLC said it is proposing the reverse takeover
of two Paraguayan companies -- Amerisur SA and Bohemia SA -- from Candey SA and
Daniel Sztern in exchange for 27,322,404 new ordinary shares in the company.
It also plans to raise up to 750,000 stg before expenses in a placing of
36,585,365 new ordinary shares.
The company's shares were suspended on Sept 3 and it said it expects this to
be lifted today. It has called an EGM for Nov 15 to approve the acquisition and
placing plans.
Amerisur holds two oil and gas prospecting permits in Paraguay and is the
registered applicant for exploration and exploitation concession contracts over
the same permit areas. Bohemia holds registered applications for an oil and gas
prospecting permit in Paraguay and for an exploration and exploitation
concession contract over the same area.
The exploration areas covered by these three applications comprise a total of
approximately 48,000 square kilometres of the Curypayty and Parana Basins.
Chaco said these basins extend respectively into Bolivia and Brazil, where
commercial oil and gas production has been established for many years from
similar geological sections.

Alfred,

11.00am

Stewart
When do you think we will hear news from Sharesure from the AGM?

He told me later today or Thursday, it will depend on what time he returns, quite a tense morning!!!

Its very quiet on here and on ADVFN, strange as it could be the most important day in the companies history.

Nice to see that 500,000 buy @ 8p, MM's picked em up @7.5 and sold @8p , 2500 profit for them in a flash

The lull before the storm

We could of course get an RNS at 11-ish publishing more details - which will be released simultaneously to the AGM

Bhunt, I believe that is what will happen. They should release details simultaneously to the market.

MPH
That would be great if it happens!

What if they don't have any price-sensitive news to give at the present time?

dibbles, have you any reason for that comment?

If there is none then I think we will see a fall however I think there will be news, my god the RNS the other day was of very little use in my opinion, no details in it whatsoever.

MPH, any change on trading, anyone heard anything yet

WDBM still high bid stewart. I've seen or heard nothing yet, maybe a midday statement if not then something tomorrow.

tick, tock - my how the time passes so slowly when u r waiting for news

1:2 @ 7.8: 7.95 and 50k:100k with WDBM still the only one on high bid

Baza

stewart3250, these deals are taking longer than any of us thought they would, I'm just suggesting that if they are not done yet, the company have nothing to rns today?

dibbles, fair point my friend

Nearly 1M sells showing in the last 45 minutes, not sure if thats people panicking with no news or some know something, any thoughts

I expect it's people panicking, they've waited for the RNS, been very underwhelmed and perhaps gave it till midday today until they bailed.

WDBM has bought nearly every single one of those sells, I don't think its wise to take the opposite view to an insider!

MPH, thanks for the info and I agree with your views, I will continue to hold medium and long, tax wise it is very beneficial.

Stewart, like me you prefer to make invesment decisions with all the information in front of you. It's only a case of hours, a day at max before we see the full picture.

Don't forget that people like sharesure will be asking very probing questions today and even if the the management can't release news to the market you can be sure they will hint/slip up and give away some very valuable information.

This is one little private investor thats still holding!
Like you said MPH, its good to have someone like sharesure there asking some very probing questions and i`m sure he will make some sense of it.
Hurry back sharesure!
DB66

I think we should expect the price to slip even further, currently

1:4 @7.7:7.95 and 50k : 200k - with only WDBM on the high bid - and a gap down to 7.5

Baza