Online movie rental company has called a general meeting to ask shareholders to approve a $1.4 million share placement.
The company has arranged to place 24 million shares at $0.06 per share, but now requires post-factual shareholder approval under ASX listing rules.
Shareholders will also be asked to approve the issue of 821,000 shares at $0.05 per share to various creditors of the company, and yet more shares to various employees, directors and consultants.
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