If that provision walked and the company has already blown most...

If that provision walked and the company has already blown most of its 15% issuance limit with the April placement then this raise must surely require shareholder approval ?

Looking over the asic rules 7.1a etc they predominantly prevent further raises over 15% of issued capital for 12 months post raise.

https://www.asx.com.au/documents/rules/Chapter07.pdf

Can someone please correct me on this ? Is it 12 months or new financial year ?

They issued a huge number of in shares in the latest raise in April. Something tells me this might not be so dilutive for existing holders (so long as they are willing to throw some good money after bad)