Ann: Notice of Annual General Meeting/Proxy Form , page-3

re: Ann: Notice of Annual General Meeting/Pro... ASX Listing Rule 7.1A
ASX Listing Rule 7.1A came into effect on 1 August 2012 and enables an Eligible Entity to seek shareholder approval at its annual general meeting to issue Equity Securities in addition to those under the Eligible Entity’s 15% annual placement capacity.
An Eligible Entity is one that, as at the date of the relevant annual general meeting:
(a) is not included in the S&P/ASX 300 Index; and
(b) has a maximum market capitalisation (excluding restricted securities and securities quoted on a deferred settlement basis) of $300,000,000.
The Company is an Eligible Entity as it is not included in the S&P/ASX 300 Index and has a current market capitalisation of around $9 million.
The Company may use the 10% Placement Facility to fund ongoing exploration on its existing projects, according to results and capital needs (in particular to fund exploration evaluation and development of the Bobrikovo project (Ukraine), the, Batchelor project in the Northern Territory,and the Melrose project in WA), or acquire new resource assets.
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