We’ve also heard no follow-up from the extra meeting last September where shareholders ratified the issue of up to 400 million shares to fund the following phase ($2.5 million extended Lac Rainy drilling). Nothing on this...
They were supposed to be issued within three months from the meeting - is the company going ahead with this by way of waiver application to ASX (does anyone experienced here know if they would be able to do this) or will the Board have to waste our mutual time and money doing another meeting to ratify this again?
Not too happy with this slow pace... particularly when they were the ones who set the timeline in the first place.
When will Phase II drilling be starting? What are the Board doing *now*?
Ann: Quarterly Activities Report, page-4
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