(a) the total number of securities which may be issued under Resolution 3 is a maximum of 100,000,000; (b) the recipients are not known at this point however will be determined at the Board’s discretion and be professional and/or sophisticated investors; (c) no securities pursuant to Resolution 3 will be issued to Directors of the Company or their associates; (d) the securities will be allotted and/or issued progressively no later than three (3) months after the date of this meeting; (e) the terms of the securities will be at the Board’s discretion but will be issued at not less than 80% of the average market price for securities of that class on the last five (5) days on which sales in the securities were recorded immediately prior to the date of issue; (f) the securities will rank pari passu with all securities of that class; and (g) the funds raised will augment the Company’s working capital and its present work programme obligations.
OBL Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
