The directors of Oropa Limited have today passed a resolution that subject to obtaining shareholder approval at a General Meeting of Shareholders to be convened in January for a date to be fixed, it is the board’s intention to offer up to 13,280,376 new options, exercisable at 20 cents per option on or before 31 January 2011 (“2011 Options�), at an issue price of $0.002 per option to those persons recorded as holders of options which expire unexercised at 5.00PM Western Standard Time (“WST�) on 31 December 2007 (“2007 Options�). Also, subject to obtaining shareholder approval at the proposed general meeting, the directors will be permitted to place any shortfall of the 2011 Options offer at their sole discretion. If the resolutions are passed, the Company proposes to issue a prospectus for the 2011 Options offer to each of those persons shown in the Company’s register as holders of unexercised 2007 Options as at 5.00PM WST on 31 December 2007.
ORP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
