"ASX-listed entities can issue shares of up to 15% of issued capital on a non-pro-rata basis in a 12-month period
without seeking shareholder approval.
There are no restrictions on the number of shares that can be issued on a pro-rata basis through a renounceable rights issue, or on the discount that can be offered on the share issue price under such issues."
"On 2 November 2012 Symex agreed to issue approximately 13.75% of its fully expanded capital(1),
being in aggregate 242,333,333 Shares, to Sales Link Australasia for an aggregate amount of $3,635,000
at $0.015 per Share.
The above issue of Shares to Sales Link Australasia comprises the issue of:
(a) 28,739,023 Shares to raise $431,085 (Placement), representing approximately 15% of the Shares on
issue, as soon as reasonably practicable after the lodgement with ASIC of this Prospectus; and
(b) 213,594,310 New Shares to raise $3,203,915 under the Rights Issue."
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- gulp... not good. :-(
"ASX-listed entities can issue shares of up to 15% of issued...
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