Resolutions at meeting.Resolution 1Ian Kraemer's incentive...

Resolutions at meeting.

Resolution 1
Ian Kraemer's incentive package

Resolution 2
Previous allocation to Azalea Consulting

Resolution 3
Previous allocation to Fortrend

Resolution 4 & 5
Previous allocation to 'sophisticated investor'

The new ones...

Resolution 6 seeks Shareholder approval for the allotment and issue of up to 15,000,000 Shares together with up to one free attaching Option for every two Shares issued (being up to 7,500,000 Options) as a placement to non-related parties.

Resolutions 7 and 8 seek Shareholder approval for the allotment and issue of up to 4,000,000 Shares together with up to one free attaching Option for every two Shares issued being the same ratio of Shares to Options as issued under
Resolution 6 (being up to 2,000,000 Options) to each of Martin Blakeman and Stephen de Belle. Both Mr Blakeman and Mr de Belle are Directors of the Company and therefore related parties.

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So we have a new SI placement in which two directors are also participating. Massively bullish sign IMO.

This should give enough capital to carry forward Mantle's plan to oppies conversion.

Buyers still sitting on the sidelines should be looking a little harder now that management are buying and setting up very ambitious incentive packages.

DYOR