It's for an additional 10% on top of the 15% allowance. See the text below from the companies statement. Might want to consider the impact of extra shares on the SP direction which hasn't been good.
The approval of Resolution 4 will provide the Company with flexibility to issue Equity Securities
under the 10% Placement Facility during the 10% Placement Period, in addition to the
Company’s 15% annual placement capacity granted under ASX Listing Rule 7.1, without a
further requirement to obtain the prior approval of Shareholders.
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Ann: Notice of Annual General Meeting, page-5
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Last
2.3¢ |
Change
-0.001(4.17%) |
Mkt cap ! $23.37M |
Open | High | Low | Value | Volume |
2.3¢ | 2.3¢ | 2.3¢ | $4.446K | 193.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 209545 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 67300 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 209545 | 0.022 |
7 | 442000 | 0.021 |
15 | 2892825 | 0.020 |
3 | 123735 | 0.019 |
5 | 3297108 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 67300 | 2 |
0.024 | 259874 | 2 |
0.025 | 291897 | 2 |
0.026 | 691826 | 1 |
0.028 | 746290 | 3 |
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