Just the notice of AGM.Resolution 4 is of interest:“That, for...

Just the notice of AGM.

Resolution 4 is of interest:

“That, for the purposes of Listing Rule 7.1 of the Listing Rules of the ASX and for all other purposes, the directors be authorised to issue and allot up to 70,000,000 ordinary fully paid shares in the capital of the Company at an issue price of not less than 80% of the average market price of the Company’s shares (calculated over the 5 days on which sales of shares were recorded before the day on which the issue is made)"

b) any shares issued in accordance with Resolution 4 will be issued and allotted within 3 months from the date of the general meeting (or such later date as approved by ASX)

g) funds raised by the issue of any shares will be used as additional working capital for the Company


They have the funds for the workover of the UK assets and Italy takes too long for KEY to need working capital within the next 4 months.

Serious movement in Tanzania?

At current share prices that would equate to a raising of up to $7.5m