A person or entity can not acquire more than a 20% interest in...

A person or entity can not acquire more than a 20% interest in an Australian publicly listed company if it confers voting rights in that company of more than 20%. There are exceptions such as that person or entity making a formal acquisition of that company.

I am assuming that the person or entity making the 1st and 2nd $1.5m placements is one and the same person, but if that is true which is very likely given that there was a further announcement this morning announcing the issue of 1.5 billion securities at 0.2c each which fits the proposed $3m CR. Mr JH you have a problem complying with the 'Relevant Interest" 20% rule unless "Helen" is making an acquisition of YPB.