Ann: Quarterly Activities & Cashflow Report , page-3

They have announced a raising !!!

Is the money for more of the directors gravy train ???


NOTE 22: Related Party Transactions
The consolidated financial statements include the financial statements of Baraka and the subsidiaries shown in note 8.
Transactions entered into with related parties
Transactions with directors, other than as directors or employees
During the year, a firm of which Mr C Vost is a director, provided brokerage services to the Company. The value of these related party services for the year ended 30 June 2013 was $6,410 (2012: $nil).
During the year, a firm of which Mr C Vost is a director, provided a serviced office with bookkeeping and reception staff to the Company. The value of these related party services for the year ended 30 June 2013 was $63,000 (2012: $54,000).
During the year, a firm of which Mr C Vost is a director, provided corporate consulting services to the Company. The value of these related party services for the year ended 30 June 2013 was $184,000 (2012: $48,000).
During the year, a entity of which Mr J Vost is a beneficiary, provided corporate consulting services to the Company. The value of these related party services for the year ended 30 June 2013 was $100,000 (2012: $nil).


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