From IXR quarterly , There is a placement coming to what extent is still unknow ,But have applied for a increase up to 25% which equates to approx 1.25 Billion shares over a 12 period.
Broadly speaking, and subject to a number of exceptions, Listing Rule 7.1 limits the amount of Equity Securities that a listed company can issue without the approval of its shareholders over any 12-month period to 15% of the fully paid ordinary securities it had on issue at the start of that period.
Under Listing Rule 7.1A, however, an Eligible Entity can seek approval from its members, by way of a special resolution passed at its annual general meeting, to increase this limit by an extra 10% to 25%.
IXR Price at posting:
0.9¢ Sentiment: Sell Disclosure: Not Held
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