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6.00% 9.4¢ peninsula energy limited

rcr research significant re-rating anticipated, page-25

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    9,188 Posts.
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    26/03/10
    01:17
    Post #: 6499653
    1am reading...I am confused...

    "Each share has one (1) free attaching listed (PENOA) option exercisable at 3 cents on or before 30 June 2012 for every four (4) new shares issued pursuant to the Placement."


    "EACH SHARE"?...each single share?...so 1-for-1????


    "for every 4 new shares"...so 1-for-4?...


    I am confused. lol

    Need to seek confirmation
    PEN Price at posting: 4.6¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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