Ann: Proposed issue of Securities - TAR, page-6

You have the rights to feel infuriated.

That's not all. look at the general meeting announcement:

Resolution 5 - Approval of Taruga Minerals Limited’s Incentive Plan

The key features of the Incentive Plan are as followse) The Board will determine the number of Incentive Options (or Performance Rights as applicable)to be granted to Eligible Participants (or their nominees), the vesting conditions (if any) and expirydate of the Incentive Options at its sole discretion. As at the date of this Notice, the Board intendsto cap the maximum number of equity securities issued under the Incentive Scheme within the three year period from the date of passing of Resolution 5 is 50,000,000 securities.

Plus for a company raising $4MILLION THEY WILL PAY TO DIRECTORS $1.2M ON THE FIRST YEAR.

There are a lot of things I don't like about it.