CLZ classic minerals ltd

WOW! The company issued almost 2 billion shares during July and...

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    WOW! The company issued almost 2 billion shares during July and August, many at a value of .001 and is asking the shareholders to vote for this.
    I'd vote No if I was still a shareholder, but that's just me

    " 1. Ordinary Resolutions 1 to 30 - Ratification of Prior Issues of Securities
    1.1 Background
    The Company issued 1,916,416,324 Securities without disclosure to investors and/or creditors under the exceptions provided in section 708 of the Corporations Act. The investors and/or creditors are not related parties of theCompany. The Company had sufficient placement capacity under Listing Rule 7.1 for all the issues of Securities."
 
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