Fellow Shareholder, A meeting of Shareholders has been called for Thursday, 27 April 2006 to consider a number of important matters concerning the growth and development of your Company. The principle resolution for shareholders consideration is support for raising $12.45 million by the placement of 41.5 million shares to key institutional investors who are committed to the long term success of Australian Ethanol Limited. Strong and committed institutional support is essential for Australian Ethanol Limited in the development of a biofuels business encompassing ethanol in Australia and biodiesel in the United States.
.2.3 Resolution 3 – Approval to Issue of Shares The Company proposes to issue up to 41,500,000 Shares at an exercise price of 30 cents to raise up to A$12,450,000 by a placement to clients of SHAW Stockbroking Limited who satisfy the requirements of section 708 of the Corporations Act 2001.
AAE Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held