Ann: Prospectus , page-15

This was the deal to fund the Sidi Daher drill. Alto sold a lot of stock to there clients at 1.2c and want to get paid themselves. I would imagine the nominal fee for these options (0.001c) was simply to cover the costs of Verus listing them on the ASX.

A couple of questions spring to mind. Firstly what will investors pay for them initially. My guess is around 0.04c. Secondly will we see a big push to get these options in the money for both Alto clients and to increase the Alto fee during the Sidi Daher drill. My guess is yes which is why I believe vil is an excellent risk / reward at these levels.

Its starting to look a lot like pre FP#1. An interesting upcoming drill, a few players with a reason to move the stock, and now some nice little options (VILAO) on the side.

"Alto Capital (?Alto?), a Perth-based stock broking firm, has been mandated to raise $2 million to fund the acquisition of the working interest (WI) in the Sidi Daher Prospect. Under this mandate, Verus will issue up to 164 million shares to clients of Alto at a price of 1.225 cents. In addition to a cash fee for its services, Alto (and or it?s nominees) will be issued 250 million options for $0.001 (raising $250,000) with a 2c exercise price, expiring 31 March, 2012.

The placement is subject to shareholder approval of certain resolutions at the upcoming AGM and subject to the resolutions being passed, will fall within the Company?s 15% placement capacity under ASX Listing Rule 7.1. Subject to ASX, shareholder and other regulatory approvals, the Company will use best endeavors to have these options listed on the ASX as soon as practicable."