Ann: ACQUISITION OF HAWKLEY OIL AND GAS LIMITED , page-13

re: Ann: ACQUISITION OF HAWKLEY OIL AND GAS L...
I don't think it is a simple consolidation.

I think I have read it correctly that they plan to give one new share for every (26.67) shares held and one Option for every (26.67) held.

They will also part of isisting company, copeyed and pasted this:

As also announced on 18 February 2010, the Company intends to distribute
approximately 80% of its shareholding in Sarantis pro rata to Incitive Shareholders
who hold Shares on the Record Date (Demerger). This will allow all of the
Companyfs Shareholders to benefit equally from the potential of Sarantis. The
Company will retain a 20% interest in Sarantis.
The Demerger is subject to Shareholder approval and the completion of the
change in the Companyfs activities the subject of Resolution 2. Shareholder
approval for the Demerger is being sought at a meeting of Shareholders to be
held at a later date following the Meeting the subject of this Notice. Detailed
information relating to the Demerger will be provided in a separate notice of
meeting which will be sent to Shareholders in due course.

http://imagesignal.comsec.com.au/asxdata/20100312/pdf/01046342.pdf

please do your own reseach, this is not simple IMO