I feel like we're just going around in circles here. The company...

I feel like we're just going around in circles here.

The company are allowed to issues shares within the 15% annual limit permitted by ASX Listing Rule 7.1 and therefore without the need for Shareholder approval.

Why were shareholders not asked for approval?

Because the shares were purchased above market price at the time of the agreement so it had no material impact to shareholders. Management are trusted to run the company in the best interest of shareholders and imo this was a good deal capital was raised and at a good price at the time. Well done management.