Considering the Volume 55,000000 This issue doesn't fit the volumes and targets in the report.
Did anyone call the office to findout ?
To consider and, if thought fit, pass the following as an ordinary resolution:
“That, subject to Resolution 6 being passed, for the purposes of ASX Listing Rule 10.14 shareholders approve the issue of a total of 55 million Performance Rights pursuant to the Mining Projects Group Performance Rights Plan (each entitling the holder, upon satisfaction of the applicable Milestone to one fully paid ordinary share in the capital of the Company) to Mr Joshua Wellisch (a Director of the Company) as set out in the table below:
Series
Milestone
Achieved
Number of Performance Rights
A
Market capitalisation of the Company of $20 million or more.
Within 4 years (by 28 July 2019)
16.5 million
B
Market capitalisation of the Company of $30 million or more.
Within 5 years (by 28 July 2020)
16.5 million
C
Market capitalisation of the Company of $40 million or more.
Within 5 years (by 28 July 2020)
22 million
as described in the Explanatory Memorandum which accompanied and formed part of the Notice of General Meeting
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MPJ Price at posting:
0.5¢ Sentiment: None Disclosure: Held