RESOLUTION 5 ? PLACEMENT ISSUE OF SECURITIES
?That pursuant to ASX Listing Rule 7.1 and for all other purposes, approval is given for the Company to allot and issue up to 200,000,000 Shares at an issue price that is at least 85% of the average market price calculated over the last 5 days on which sales in Shares are recorded before the day of issue, or if there is a prospectus relating to the issue, over the last 5 days on which sales in Shares are recorded before the date of the prospectus, and otherwise on the terms and conditions set out in the Explanatory Memorandum.?
6.
Closing prices
18/11 1.3c
19/11 1.4c
22/11 1.8c
23/11 1.4c
24/11 1.3c
ave 5 days prior = 1.44c ave
so the cap raising should be at 1.4c IMO
money1
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