BLR 0.00% 0.2¢ black range minerals limited

0.7c cap raise- vote yes or no?, page-3

  1. 5,683 Posts.
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    Hara, I also agree, far less implications with a YES.


    Rocket science qualification not required to understand why the current BLR share price has been IMO pushed - manipulated down.


    To allow greater opportunity for the agreement with Azarga Resources Limited to be passed, with the least displeasure amongst some holders.


    Resolution 1 seeks Shareholder approval for the allotment and issue of up to 327,995,000 Shares at an issue price of $0.007 per Share to raise up to $2,295,965 (Placement).


    Board appointment: Following issuance of the Placement Shares, and so long as Azarga maintains voting power in at least 10% of the Company, Azarga will have the right to nominate one person to be appointed as a director of the Company. Azarga has not yet nominated its proposed appointee to the Company’s Board.



    !!!!! Why in this internet tech age, there cannot be a Online mechanism to vote on these resolutions is so yesterday mentality.

    Online Voting in regards to these important resolutions could therefore be fast tracked & in turn be less short term share sentiment & price destructive.



    One would be pretty safe to ascertain that " Alexander Molyneux " shall be the Board appointment in question, from Azarga.



    Cheers :)



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