placement of 100m shares at 1.07c, page-12

The AGM approved the following resolution on 6 November 2009:

The Shares will be issued at a price equal to at least 80% of the average market price of Shares, calculated over the last 5 days on which sales of Shares were recorded before the date upon which the issue is made.

The simple average price for the last five trading days is 1.5cents (excluding today). So using only the simple average, the minimum share placement price should have been 1.22c, NOT 1.07c. Also shareholders have not approved the issue of one option for every two shares held.

Does anyone know where we can get the volume weighted average prices for the past four days? The AGM notice did not state that the VWAP would be used for this purpose but I assume would be used to calculate the average for this purpose.