Rewolution 3 is fairly standard for exploration companies to have. It allows the board to be able to raise capital without having to hold a general meeting for shareholder approval anytime in the next 12months to the 10% amount.
Doesn't mean they will raise immediately just allows flexibility for the future which we all already know that they will need to raise early 2024. It's good corporate governance.
Cheers
Ann: Notice of Annual General Meeting, page-4
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