Item 3 in the REL notice of EGM for the placement to raise $2m says the following
"The Company proposes to conduct a placement to Sophisticated Investors and issue up to 2,000,000,000 Shares (Placement Shares) at a price of $0.001 to raise up to $2,000,000 (Placement). The proceeds raised under the Proceeds will be used for contributions to the Company’s investments in the Tulainyo Gas Project, payments of cash consideration for the XGas Acquisition, funding potential acquisitions and for general working capital. The Placement Shares will, upon issue, rank equally with all other Shares then on issue."
Consideration for the Xgas acquisition ??? Its been terminated...
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Item 3 in the REL notice of EGM for the placement to raise $2m...
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