DN7. In basic terms. If you hold shares in CTP before 27th April 09. You will be offered that amount of shares for 10 cents each with a free attached option for every 2 shares that you own. You dont have to pay for these options. EXcept if you take them up for 16 cents each any time before March 2014. The existing options will not change. This capital raising will have doubled the amount of shares on issue and amount of options on issue. It will also fund the drilling campaign for 2009 and hopefully prove up the trillion tonne resource for cbm/gtl, oil,and helium. The result of most capital raisings usually depresses the share price for a short while. HOWEVER in this case I think this may put the cat amongst the pigeons because this allows the proving up of resources. The potential that CTP have is the greatest I have seen on any stock on the asx ever. I will be buying my shares which will double my holding and have options to purchase in the future. This imo is a once in a lifetime opportunity that needs to be grabbed with both hands. LOL I wish I had more money!
CTP Price at posting:
13.8¢ Sentiment: Buy Disclosure: Held
