MMD unknown

50 million new shares issued

  1. 5,237 Posts.
    yep here it is count them yourself...MMD will open at 70 cents on Friday after all these shares hit the market

    "BUSINESS

    1. ISSUE OF SHARES TO AUSTRALIAN AND INTERNATIONAL INVESTORS

    To consider and if thought fit, pass with or without amendment, the
    following resolution as an ordinary resolution:

    That, for the purpose of ASX Listing Rule 7.1, the shareholders of the
    Company ratify the allotment and issue of 13.7 million ordinary fully
    paid shares in the Company, at an issue price of $0.80, by way of a
    private placement made on 7th March 2002, to Australian and
    international investor clients of ABN AMRO Morgans Limited.

    2. SHARE PURCHASE PLAN

    To consider and if thought fit, pass with or without amendment, the
    following resolution as an ordinary resolution:

    That, for the purpose of ASX Listing Rule 7.1, the shareholders of
    the Company approve the allotment and issue of not more than
    37,597,500 ordinary fully paid shares in the Company, at an issue
    price of $0.80 per share, to eligible shareholders of the Company
    pursuant to a Share Purchase Plan."

 
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