presentation, page-3

The just passed Resolutions just added 150m more shares to the issued.

As of this issue. VMR now hold 25% of this company with the above dilution.


CORPORATIONS ACT 2001 - SECT 606

Prohibition on certain acquisitions of relevant interests in voting shares

1) A person must not acquire a relevant interest in issued voting shares in a company if:

(a) the company is:

(i) a listed company; or

(ii) an unlisted company with more than 50 members; and

(b) the person acquiring the interest does so through a transaction in relation to securities entered into by or on behalf of the person; and

(c) because of the transaction, that person's or someone else's voting power in the company increases:

(i) from 20% or below to more than 20%; or

(ii) from a starting point that is above 20% and below 90%.


http://www.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s606.html


Which means before VMR take these share in the next 3 months.
CCC total issued need to be 1b shares (including VMR) to keep them under 20%