tonio self modded post, page-10

tonio,

This was taken from the 2010 Prospectus dated 21st September

Performance Shares

At a meeting of Shareholders it was resolved to issue 24,000,000
Performance Shares to Nicholas Curtis, the Non-Executive Chairman
of the Company (or his nominee), as remuneration for services to
be provided and for promoter services rendered up to the date of
this Prospectus. The Performance Shares are to be issued pursuant
to this Prospectus.
The Performance Shares are convertible into Shares upon one of the
Company?s existing projects, or a project acquired after admission to
the ASX, being identifi ed as having a JORC compliant resource. The
JORC compliant resource must be able to support the completion
of a capital raising by the Company of at least $15,000,000 at a
price of not less than $0.35 per Share. The Performance Shares
will expire 18 months from the Admission Date. The Performance
Shares are on the terms set out in Section 11.3 of this Prospectus.

Cheers markco2