Ann: Annual Financial Report for Year Ending 30 J, page-2

re: Ann: Annual Financial Report for Year End...

SIGNIFICANT CHANGES IN STATE OF AFFAIRS
The following significant changes in the state of affairs of the Group occurred during the financial year:
An increase in contributed equity of $29,947,248 (from $190,068,112 to $220,015,360) as a result of:-
Placement of 234,962,406 ordinary fully paid shares to an institutional investor 4,633,424
Issue of 20,000,000 ordinary fully paid shares to consultants at 4 cents per share
in consideration for services provided to the Group 800,000
Placement of 279,017,857 ordinary fully paid shares to an institutional investor 7,321,429
Issue of 27,172,459 ordinary fully paid shares upon share consolidation repricing
and exercise of options 6,391,156
Issue of 5,414,520 ordinary fully paid shares as consideration for the strategic
acquisition of Wolvenfontein Coal project 1,255,514
Issue of 3,666,667 ordinary fully paid shares to consultants in consideration for
services provided to the Group 707,708
Issue of 2,284,527 ordinary fully paid shares in lieu of cash payment of
convertible note interest 501,370
Issue of 9,818,181 ordinary fully paid shares to former BEE partner Masawu
Investments Limited as part of the SIOC-cdt transaction 2,601,818
Issue of 9,723,977 ordinary fully paid shares in relation to new convertible note
facility -
Recognition of equity component of compound financial instrument 1,878,358
Share issue costs including valuation of derivative 3,856,471
Total $29,947,248


I thought Quantatative Easing was a macro econimc tool used by desparate governments when they are in trouble and need to print money to keep the economy afloat. Or does it apply to printing more share as well?