Reyni, this 10% share placement is an optional 10% that the company can issue without further shareholder approval. This is an addition to the maximum 15% that any company can issue under ASX rules per annum without shareholder approval. So it gives the company the flexibility to issue up to 25% of issued capital as a share placement without going to the shareholders for approval (as it has already been given). It is very common these days, and very relevant to a company like this with zero revenue and exploration costs.
NHE Price at posting:
20.5¢ Sentiment: None Disclosure: Held
