Hey Dave, I was in contact with Richard about some other...

Hey Dave,

I was in contact with Richard about some other questions and I enquired about the resolution you brought up. His answer is below.

You are correct, we have increased the pool of funds used to reimburse Zelira’s non-executive Directors from $300K to a maximum capacity of $750K. The increase provides the Board with flexibility to adjust Director renumeration, where it feels appropriate, and to pursue strategic opportunities that may arise at Board-level given we’re now a global company.

That being said, just because we’ve increased the capacity doesn’t necessary mean we’re necessarily going to use it. Moreover, Shareholders will be given an opportunity to vote on the Director renumeration at the next AGM.

DYOR - good luck all.