Is anyone aware of the companies intention behind "Resolution 9 – Approval of 10% capacity to issue equity securities"?
The IPO prospectus advises the company has funds to last 2 years. However the Resolution 9 approval only applies for 12 months following the agm. So it does not make sense seeking shareholder approval for ASX Listing Rule 7.1A unless consideration is being given to a capital raise of more than 15% equity in the next 12 months?
Is anyone aware of the companies intention behind "Resolution 9...
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