ITEM 6 – ISSUE OF UP TO 100,000,000 ORDINARY SHARES The ASX...

ITEM 6 – ISSUE OF UP TO 100,000,000 ORDINARY SHARES
The ASX Listing Rules restrict the number of shares a listed company may issue in any 12 months without the
approval of shareholders to 15% of the number of shares on issue at the start of the period, subject to certain
adjustments and permitted exceptions.
Listing Rule 7.1 however allows a company, with shareholder approval, to obtain approval to issue equity in
the company above this amount.
This resolution seeks shareholder approval to allow the company to issue up to 100,000,000 ordinary shares
in the company, in addition to the abovementioned 15%, for the purposes of Listing Rule 7.1.
The company provides the following information concerning this matter pursuant to Listing Rule 7.3:
a) The company seeks to issue up to 100,000,000 ordinary shares.
b) The company will issue seek to issue up to 100,000,000 ordinary shares by 30 September 2016,
being within 3 months of its 2016 AGM.
c) Any share issued under this resolution will be issued at a minimum price equal to at least 80% of the
Volume Weighted Average Price for the Company’s ordinary shares over the last 5 trading days on
which trades in that class were recorded.
d) The Company may issue some of the shares for non-cash consideration, for example, as part of the
consideration for an acquisition, but the issue price attributable to the shares shall be in accordance
with the pricing parameters referred to above.
e) The basis upon which persons will be identified or selected has not yet been determined but could be
for non-cash consideration of services (manufacturing, consulting and /or distribution) and
acquisitions.
f) The ordinary shares will be issued with the same rights as existing ordinary class shares.
g) Whilst the company does not have any immediate plans to issue shares under this resolution,
purposes for which shares may be issued pursuant to this resolution include non-cash consideration
of services (manufacturing, consulting and /or distribution) and acquisitions.
h) Any ordinary shares issued under approval of this resolution will be issued with by 30 September
2016, being within 3 months of the company’s 2016 AGM.
i) At the date of this notice, the company had issued 549,518,013, ordinary shares. If this resolution
and resolution 5 above are approved by shareholders, the company will be able to issue;
j) a further 82,427,702 ordinary shares without shareholder approval in the 12 month period to 30 June​

2017 per resolution 5 above; and


Shouldn't be a problem as they will be using them instead of cash, even after the dilution the company will have a smallish register.
If all going to plan when they issue them the sp should be higher and shelves will be getting stocked.
It almost seems they want to stay as far away from a cr as they can for the time being.