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re: Ann: ACQUISITION OF HAWKLEY OIL AND GAS L... YES i am...

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  1. 1,144 Posts.
    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.
 
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