this is a standard resolution that nearly all eligible ASX companies include in their AGM every year to give them capacity to be able to issue shares in the next 12 month period without seeking shareholder approval.
This resolution and the ratification of previous issues freshens up the Company's ability to issue 15% plus a further 10% of their issued capital as a result of this resolution being approved.
The resolution is standard best business practice for an ASX junior and in no way indicates when and if such facility will be utilised.
Hope this makes sense but it does not of itself indicate a capital raising is imminent.
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