Here are a couple of links re ADR's and Melon Bank.The...

Here are a couple of links re ADR's and Melon Bank.

The scenareo.

Smith resource estimates confirm substantial find and accompanying cash flow the market likes it and the sp raises to 10p.

Range choose to issue 75m shares to raise the A$10m to fast track Texas by embarking on an ADR programme.

This would lead to less than 10% dilution and would bring forward the Smith cash which would make RI's a thing of the past.

Range would end up with a triple listing just in time for Puntland

It's only my opinion

vsm





http://www.adrbnymellon.com/home_dr.jsp

http://en.wikipedia.org/wiki/American_Depositary_Receipt