Shareholders should read this notice carefully and note the resolution is a special resolution. For a special resolution to be passed, at least 75% of the votes cast by shareholders present and entitled to vote on Resolution 8 must be in favour of the resolution.
I expect the institutions will probably vote in favour as presumably they would get first bite of this cherry (should it ever be utilised) at the expense of smaller/retail holders. VLA has form in offering retail shareholders the crumbs off the insto's feasting table, or not at all.
VLA Price at posting:
$1.24 Sentiment: Buy Disclosure: Held