But is that normal, wouldn't most companies just wait a few more months until the AGM to ratify prior share issues or is there a maximum timeframe like within 6 months of the issuance or something.
Is it possible they might be ratifying the issuances to increase their capacity for a placement under the 15% rule? From the last Appendix 3B it seemed they had about 4.5m of capacity still available (which at current price would obviously bring in around $4.5m+), plus they still have plenty of cash on hand from the last placement so would surprise me if they were looking to do more capital raising at this time and need more than $4.5m (unless there is something really big in the works). Of course it might just be house keeping, tidying things up?
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