DML 0.00% 1.9¢ discovery metals limited

Downanout: You were right the first time about the 25%:...

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    Downanout: You were right the first time about the 25%:

    Resolution 4 endorsed the annual 15% capacity issuance (Listing Rule 7.1), after the event, and as a consequence of the approval, has allowed Management to reset their annual 15% allowance:
    "If Resolution 4 is approved the company's 15% capacity under Listing Rule 7.1 will be refreshed and assuming no other securities are issued, the Company will be able to issue an additional 96,605,937 new Shares without Shareholder approval".

    Resolution 5 allows Management to raise an additional 10% capacity for a 12-month period after the AGM, per Listing Rule 7.1A. "The 10% placement is in addition to a listed entity's usual 15% placement capacity".

    "It has the capacity to issue 96,605,937 Shares under Listing Rule 7.1, subject to shareholder approval being obtained under Resolution 4; and 64,403,958 Shares under Listing Rule 7.1A, subject to shareholder approval being obtained under Resolution 5"
    Last edited by Max Value: 29/11/14
 
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Currently unlisted public company.

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