Richfield could very well give every shareholder one free share...

Richfield could very well give every shareholder one free share for every one held. Last weeks proxy form is a copy and paste of last years one that was approved unanimously.

They seem very keen to double the company share base to 125,793,620 and they can then issue double the amount of shares under the 10% placement facility that closes on May 22.

Shareholders can then buy up the 31,448,406 shares at what looks like 13 cents. And they will.

This will raise approx. $4,088,292.

In just a few weeks this company could have 157,242,026 on issue, $4 Million into the bank, and shareholder approval to do it all again next year.

Definitely one to keep an eye on.