nUmbaz, Philbrad ...Re the "Distribution in Specie" .. the Prospectus reads at para 2.11:
"Upon quotation of the Shares on ASX, Giralia will hold approximately 40 million shares in the company, including 10.8 million shares issued to Giralia in return for the transfer of the uranium assets to the company.
At a shareholder meeting to be held in April 2006, Giralia will seek shareholder approval to distribute approximately 32 million of the approximately 40 million Shares to its shareholders on a pro rata basis.
Giralia intends to undertake trhe distribution in specie of the approximately 32 million Shares to it shareholders within approximately 6 months after the Shares commence quotation on the ASX."
The pro rata options issue is covered under para 2.10.
Hope that helps.
PS: The date for the Priority Offer has been and gone of course.
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