I can't quite get my head around this, perhaps someone can help...

I can't quite get my head around this, perhaps someone can help me.... In regards to resolution # 7 Approval of the Issue of Shares to Intrasia Capital Pte Ltd

"Intrasia Capital Pte Ltd, a company incorporated in Singapore and wholly owned by IEC Director Graeme Robertson, has paid for various items of expenditure on IEC’s behalf over the past 12 months, predominantly consisting of travel and associated costs for Mr Robertson to attend offices and mine sites in Eastern Africa and professional conferences relevant to IEC’s business. Intrasia Capital Pte Ltd paid invoices on behalf of IEC as Mr Robertson’s office in Singapore made the travel and conference attendance bookings directly on Mr Robertson’s behalf. The total of the invoices up to 30 September 2015 is $78,079.58 and is treated as an unsecured, interest-free loan from Intrasia Capital Pte Ltd to IEC. ASX Listing Rule 10.11 In accordance with ASX Listing Rule 10.11, IEC cannot issue Shares to Related Parties without Shareholder approval. Intrasia Capital Pte Ltd is a Related Party of IEC as it is a company that is Controlled by IEC Director Graeme Robertson. Approval of the issue of 5,205,305 Shares to Intrasia Capital Pte Ltd is therefore being sought for the purpose of ASX Listing Rule 10.11. "

My question is in regards to this part -
"5,205,305, being the quantum of the Loan at 30 September 2015 divided by the closing price for IEC Shares on ASX on 9 October 2015"

So the spike in the share price of 1.88Mil shares which was the largest volume the stock has seen since June 2014 and pushed the sp from 0.013c to 0.015c, would this have made the resolution 7 more beneficial to Intrasia Capital Pte Ltd ?

I'm skeptical about the trading volume coinciding with resolution #7.

Thx