Further info to save you looking them up:
Tony Simpson's Performance Shares
(a) 2,000,000 Class A Performance Shares;
(b) 4,000,000 Class B Performance Shares; and
(c) 5,000,000 Class C Performance Shares,
Here is what the performance milestones are:
(They convert to FPO (ordinary) shares upon the milestones being met)
Class A Performance Shares :
7,500,000 pounds JORC inferred resource at Lance
(conversion not prior to 30 June 2010)
Class B :
15,000,000 pounds JORC inferred resource at Lance.
(conversion not prior to 30 June 2011.
Class C :
upon the Company deciding to commence commercial mining operations in respect of the Lance Project.
conversion not prior to 30 June 2012.
(Had to be careful not to confuse John Simpson and Tony Simpson)
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