Seems like these will be issued to 'vendors' of the raise from...

Seems like these will be issued to 'vendors' of the raise from 2015
This many shares hitting the market won't help in the short term. Might explain the recent pump.


This is the prospectus from 28/08/15 16:06

For an offer of 63,636,364 New Shares at an issue price of $0.055 per New Share to raise $3.5 million before costs (Equity Offer).
This Prospectus also contains offers of 110,700,298 New Shares to the vendors of Alice Queen Holding Pty Ltd as consideration for Callabonna Resource Limited’s acquisition of all of the equity interests of Alice Queen Holding Pty Ltd (Vendor Offer).
LEAD MANAGER TO THE EQUITY OFFER: Henslow Pty Ltd [AFSL 416 980] Corporate Representative of Halcyon Corporate Pty Ltd THE OFFER IS NOT UNDERWRITTEN