GPP 0.00% 0.1¢ greenpower energy limited

Why is the intended placement legality questionable? The company...

  1. 4,294 Posts.
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    Why is the intended placement legality questionable?
    The company is utilising its "Placement Capacity" under ASX listing rules 7.1 and 7.1a, that doesn't need shareholder approval. At best the timing of this placement is questionable but they have outlined their intended use of the funds raised.


    cheers
 
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Currently unlisted public company.

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