Ann: Notice of Annual General Meeting, page-5

Please have a very good read of this doc and ask questions - like, who are the people that benefit most from these resolutions??

Sharholders Note.
General ASX Listing Rule 7.1A provides that an Eligible Entity (as defined below) may seek shareholder approval by special resolution passed at an annual general meeting to have the capacity to issue up to that number of Equity Securities (as defined below) equal to 10% of its issued capital (10% Placement Capacity) without using that company’s existing 15% annual placement capacity granted under ASX Listing Rule 7.1.

= Potential for 25% more of current total shares to be issued this year, below the current share price value

PLUS+

In addition - the board is setting themselves up to obtain 10% more holdings in the company at NO COST.

Company has agreed, subject to obtaining Shareholder approval, to issue a total of 16,500,000 Performance Rights (all on a post-consolidation basis) under the Long Term Incentive Plan of the Company (Plan) (Plan Securities) to Mr Bernard Olivier, Mr Cobus van Wyk, Mr Christiaan Jordaan, Dr Evan Kirby and Mr Ian Daymond (Eligible Participants) (or their nominees) on the terms and conditions set out below.

The maximum number of Plan Securities to be issued to the Eligible Participants (or their nominees) is 16,500,000 million Performance Rights

PLUS
The proposed Constitutional Changes will include - any shareholder with shares worth $500 or less is at risk of loosing their holdings.
How many people invested Thousands of Dollars last year and are currently sitting on next to Zero !
"Summary of material proposed changes Minimum Shareholding (clause 3) Clause 3 of the Constitution outlines how the Company can manage shareholdings which represent an “unmarketable parcel” of shares, being a shareholding that is less than $500 based on the closing price of the Company’s Shares on ASX as at the relevant time. The Proposed Constitution is in line with the requirements for dealing with “unmarketable parcels” outlined in the Corporations Act such that where the Company elects to undertake a sale of unmarketable parcels, the Company is only required to give one notice to holders of an unmarketable parcel to elect to retain their shareholding before the unmarketable parcel can be dealt with by the Company, saving time and administrative costs incurred by otherwise having to send out additional notices. Clause 3 of the Proposed Constitution outlines in detail the process that the Company must follow for dealing with unmarketable parcels"

The past 4 years performace of this mangement team says it all.
201 8 2017 2016 Product sales ($) -- 20152014 Net loss attributable to members of Mustang Resources Limited ($) 481,753 2,948,648 43,251,407 Basic EPS (cents) (5.78) 11,229,405 (2.77) 10,282,313 6,620,704 23,444,116 Closing share price as at 30 June (8.33) $0.017 (29.20) (832.59) $0.042 In 2015 the Company’s shares underwent a 67:1 consolidation.