Extraordinary General Meeting
A summary of the proceedings of an Extraordinary General Meeting of the members of InfoChoice Limited (“Company”) held earlier today follows:
The following items of special business were approved by members on a show of hands.
1. Authorisation of acquisition
It was resolved as an ordinary resolution that members approve and ratify the Company entering into the agreement pursuant to which among other things the Company will acquire the issued capital of BecomeMedia Pty Limited, and issue shares and options.
2. Authorisation of new issue of shares and grant of options
It was resolved as an ordinary resolution that members authorise the allotment of 6,750,000 ordinary shares and the grant of options over 16,000,000 unissued ordinary shares in the Company, subject to the terms of the Transaction documents.
3. Authorisation of new issue of shares
It was resolved as an ordinary resolution that the issue of 18,750,000 ordinary shares to BecomeMedia Holdings Pty Limited is hereby approved to be made for the purpose of raising $1.5 million as additional working capital of the Company following the acquisition of BecomeMedia Pty Limited.