my impression is 44,263,158 new 1.9 cent shares will be allocated next week or so, after today's AGM
GREENVALE MINING LIMITED
NOTICE OF ANNUAL GENERAL MEETING
TIME: 12.00 noon (AEDT)
DATE: 27 November 2020
RESOLUTION 5
– APPROVAL OF ISSUE OF SHARES UNDER FURTHER PLACEMENT
To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “That, for the purposes of ASX Listing Rule 7.1 and for all other purposes, approval is given for the issue of up to 46,900,033 Shares to sophisticated and professional investors under a another placement announced on 11 August 2020 (Further Placement), on the terms and conditions set out in the Explanatory Statement accompanying this Notice of Meeting.”
11 August 2020
Placement to sophisticated investors
Following on from the recently completed $2.1 million Entitlement Offer, the Company has today placed 34.8 million shares at 1.9c, raising approximately $661,000. The placement was undertaken by sophisticated and professional investors.
The same investors have also applied for a further 39.0 million shares to raise approximately $741,000.
In addition, the Company is to allocate 5.2 million shares raising an additional $100,000 to various shareholders who supported the Company in the past capital raisings and the Entitlement Offer.
This issue for the 44.2 million shares is subject to shareholder approval, which is to occur at the Annual General Meeting of the Company, which is to occur no later than 30 November 2020
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