How can ELk raise funds under the SPP without a shareholder...

How can ELk raise funds under the SPP without a shareholder vote?

I thought that any cap raising of more than 15% of issued shares needs a shareholder vote?

First, they are going to raise $3,000,000 at 10 cents or less which would mean 30,000,000 shares or so which is MORE than 15% of shares outstanding.

Second, if shareholders don't take up that amount then directors, according to th documents, can flog them to whomever they wish. Again, I would think that if they did something like that it would require shareholder approval especially if the number of shares is 15% or more of those outstanding.

Third, others have posted that the documents are different than the original announcement and have questioned if that is legal. Given the above two questions, I would also like to see if that is legal also.