Ezenet granted voluntary suspension pending change of activities outcome at AGM

Ezenet, (ASX: EZE) soon to be re-named Oro Verde (ASX:OVL) has been granted voluntary suspension by the ASX, pending the outcome of a resolution at the company's general meeting to approve a change of activities.

The meeting will be held today, Monday 28 November.

The company's securities will remain in the suspension pending compliance with Chapters 1 and 2 of the listing rules.

Ezenet is transitioning to a gold and copper explorer and project developer in Chile.

The company recently launched a A$7 million capital raising program to assist in the development of its Chilean projects, which includes Chuminga which has an exploration target of 50 to 60 million tonnes of between 1% and 1.1% copper, 0.3 to 0.4 grams per tonne gold and 0.5 to 1% zinc, suitable for bulk mining.

The project is on the Pacific coast of Northern Chile, 115 kilometres south of the regional port and city of Antofagasta, in a region with excellent infrastructure that supports many famous world-class copper mines, including BHP Billiton’s (ASX: BHP) Escondida Mine, the world’s largest producer of copper.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/22624/ezenet-granted-voluntary-suspension-pending-change-of-activities-outcome-at-agm--22624.html