HIO 4.17% 2.3¢ hawsons iron ltd

Ann: Notice of Annual General Meeting, page-5

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  1. 318 Posts.
    lightbulb Created with Sketch. 146
    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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