CND 10.0% 3.6¢ condor energy limited

new announcmenet, page-13

  1. 303 Posts.
    Sorry to be the bearer of More Bad News.

    Resolution 7 states that the 200 million shares to raise additional funds had to be raised within 3 months of the AGM meeting.

    As from the conversation i had with Dean R, he said that the 200 million shares are no longer an option, as they have expired!

    The company would have to go back to all shareholders to get approval to issue more new shares.

    k
 
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