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.
Ann: Notice of Annual General Meeting, page-5
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Last
2.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $28.24M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 2.8¢ | 2.6¢ | $102.6K | 3.825M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 375951 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 1120719 | 4 |
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| Last trade - 15.53pm 04/07/2024 (20 minute delay) ? |
| HIO (ASX) Chart |