AuKing Mining Ltd (AU:AKN) has released an update.
AuKing Mining Ltd held an Extraordinary General Meeting where all proposed resolutions were passed by a poll, including the ratification of previously issued shares and options, and the authorization of new issuances to specific entities and individuals at set prices, with exercise prices and expiration dates for options detailed. The resolutions involved ratifying the issue of Placement Shares to sophisticated investors, issuing Placement and Lead Manager Options, and allocating shares and options to entities associated with key individuals such as Asimwe Kabunga and Peter Tighe.
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