Just wondering also if the (imminent) initial share placement would have to be approved by shareholders as the last few raisings "have been to persons who all come within the exemptions set out in Section 708 of the Corporations Act" and advised to the ASX through the filing of a Section 708(A)(E)and Appendix 3B".
I was expecting this to happen again as "the initial equity raising plans are at an advanced stage and will involve undertaking of a share placement with a target raising amount of circa A$ 5 million". If this is the case, the share placement may be more (imminent) than we expect.
MAE Price at posting:
2.2¢ Sentiment: None Disclosure: Held
