FARGO ENTERPRISES PTY LTD

ASX:FGO

Fargo Enterprises is public company listed on the Australian Securities Exchange.

As announced on 26 August 2020, the Company entered into a binding share purchase agreement with BDNM Investments Pty Ltd for the sale of the Company’s subsidiaries Flamingo Customer Experience Inc and Flamingo Ventures Pty Ltd.

Corporate Governance Plan

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Corporate Governance Statement

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The remaining condition to the completion of the transaction is receipt of approval by FIRB (Foreign Review Investment Board). BDNM Investments has advised it continues to engage with FIRB in relation to the approval with further discussions to be undertaken in February 2021.

The Company has commenced a process to look for an asset to acquire.

The Company has commenced a process to look for an asset to acquire. Shareholders should note that in accordance with ASX Guidance Note 12, ASX will generally continue quotation of the Company’s securities for a six-month period to allow the Company to complete the Transaction and identify and announce a suitable new business. Depending on the timing and size of transaction, the Company may need to re-comply with Chapters 1 and 2 of the Listing Rules.