Immediate capital injection required to fulfil 2012 exploration commitments addressed in Resolutions 1 and 2 of August 2012 General Meeting
From Notice of Meeting:
Resolution 1 – Ratification of Allotment and Issue of Shares
Resolution 2 – Grant of Options to Mr Kane Marshall
The Directors believe that it is prudent for the Company to have a share placement facility available so
that additional equity funds can be raised if considered necessary. If not utilised, the facility would lapse
3 months after the date of the meeting.
Strange that there is no mention that I can see in the notice of meeting that specifies any such "immediate" need for additional capital.
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