I thought they had it sorted with this result a few months back, and the cash input arising from it....ah well, wait and see!
It was resolved as an ordinary resolution: ?That, for the purposes of ASX Listing Rule 10.1, ASX Listing Rule 10.11 and Section 611 (Item 7) of the Corporations Act and for all other purposes, approval is given for: (a) the Company to create and issue the Convertible Note to Wilson?s Pipe Fabrication Pty Limited and enter into a mortgage over the Company?s premises as security for the Convertible Note on the terms and conditions set out in the Explanatory Statement accompanying this Notice; and (b) the acquisition of a relevant interest in the issued voting shares of the Company by Mr Michael Wilson (an associate of Wilson?s Pipe Fabrication Pty Limited) in excess of the threshold prescribed by Section 606(1) of the Corporations Act by virtue of the conversion of the Convertible Note into ordinary shares,
ATJ Price at posting:
4.5¢ Sentiment: Hold Disclosure: Held
