re: Ann: ACQUISITION OF HAWKLEY OIL AND GAS L...
YES i am correct....it clearly states at a)..every 29.67 shares be consolidated into 1..lol
To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: That, subject to the passing of Resolutions 2 to 5, 8 and 9 (inclusive), for the purposes of Section 254H of the Corporations Act and for all other purposes, approval is given for the issued capital of the Company to be consolidated on the basis that: (a) every 26.67 Shares be consolidated into 1 Share; and (b) every 26.67 Options be consolidated into 1 Option with the exercise price amended in inverse proportion to that ratio, and where this consolidation results in a fraction of a Share or Option being held by a Shareholder or Optionholder (as the case may be), the Directors be authorised to round that fraction up to the nearest whole Share or Option, with the consolidation taking effect on the date the resolution is passed and otherwise as described in the Explanatory Statement.
ICV Price at posting:
0.7¢ Sentiment: Sell Disclosure: Not Held