“That, for the purposes of sections 195(4) and 208 of the Corporations Act, ASX Listing Rule 10.11 and for all other purposes, approval is given for the Company to issue 6,000,000 Options (on a post-Consolidation basis, being 2,000,000 Options with an exercise price of $0.025 each, 2,000,000 Options with an exercise price of $0.03 each and 2,000,000 Options with an exercise price of $0.04 each) to Christopher Bain (or his nominee) on the terms and conditions set out in the Explanatory Statement.”
Notice the post consolidation is 2000000 options from 6000000 that's a 3:1 consolidation not what is stated a 2:1 consolidation
Have I got it wrong?
Ann: Admiral Bay Zinc Project Acquisition Update, page-9
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