3.5 cent placement well done, page-91

Following on from the points I have raised previously point #4 does stand out unless I missed it in the previous ann. along with the definition of "future funds".

"The Directors of OBL believe that, by contrast with the earlier transaction (terminated by FMG on 14 January 2013) the new OXX transaction announced on 24 January 2013 is more of benefit to OBL and its shareholders for the following reasons:

4. Pricing of the strategic placement is essentially identical."

So if you look at the real picture after including #4, which until now was only an assumption, we are far better off with the new arrangement.

Same gain for less pain but with a more flexible, beneficial & equitable future. IMHO