yeah no less then .15 no more then .20 or just $4.9mil cash, one would think they want this .20+ by mid year, one good hit near spx with upcoming gold drilling would do it
The first choice is to pay $1.9 million (being $2 million less the option fee) plus $3 million inVMC shares.The $3 million of VMC shares are to be issued at a price which is not less than 15 cents andnot more than 20 cents per share. If the 10 day VWAP of VMC share is in the range of 15 centsto 20 cents, the shares will be issued at that price.The Shareholders of OYG have agreed that any VMC shares issued to them will be subject tothe escrow requirements of the ASX.The second choice is simply to pay $4.9 million cash.
VMC Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
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