3. We advise that the preference shares will convert into the lowest
these three numbers, being 15 million fully paid ordinary shares, on
9 January 2003.
4. The resulting 15 million shares, together with the 250 million
ordinary shares which were also issued on 9 January 2001 as the
remainder of the consideration paid for the monitoring and control
business, will be released from escrow on 15 January 2003.
5. Following the conversion of the preference shares into 15 million
ordinary shares, the total number of fully paid ordinary shares in
the Company on issue will increase to 509,505,371. In addition, there
is a total of 111,695,000 options over shares in the Company also on
issue.
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INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
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