- The stockholders approved the private placement of Macquarie Bank Lmited (Macquarie Bank) of up to One Hundred Fifty Million (150,000,000) shares, which shall be undertaken in tranches, at a subscription price equivalent to ninety percent (90%) of the Volume Weighted Average Price (VWAP) of the shares of NiHAO, rounded down to the nearest centavo during a tranche period, and the listing with the Philippine Stock Exchange of the shares issued to Macquarie Bank pursuant thereto (the Private Placement Shares"
- The majority of the minority shareholders waived the conduct of a rights or public offering with respect to the Private Placement Shares of Macquarie Bank
- The stockholders likewise approved the Use of Proceeds of the private placement of Macquarie Bank, which was presented by the Corporation's Management during the Special Stockholders' Meeting.
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NiHAO Mineral Resources International, Inc. Stockholders Meeting Results - April 12, 2012
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In the Special Stockholders' Meeting of NiHAO Mineral Resources International, Inc. (NiHAO) held in April 12, 2012, the following matters transpired:
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