Andracorr's statement was based on fact.
Go to ASX announcement number 584951 for more info.
General Meeting
Resolution 1 passed by a show of hands.
300,000,000 shares to be issued at no less than 80% of the market price of the company's shares calculated over the last 5 days on which sales in the shares were recorded before the day on which the issue was made.
The shares were to be issued within 3 months of the date of the meeting which was held on the 9th of May so not long to go if they are successfull in raising more money and gaining a cornerstone investor.
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