KEY 0.00% 0.1¢ key petroleum limited

Immediate capital injection required to fulfil 2012 exploration...

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    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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