SP is going up nicely...

SP is going up nicely :)

http://sa.iguana2.com/cache/ee962536f3e38f33634aef0fe95aa520/ASX-WAS-341651.pdf

"Directors advise that Wasabi has entered into agreements that will strengthen the
company’s energy asset base.
The agreements involve the purchase of a 50% interest in a joint venture with Danieli
Corus, a world leader in steelmaking technology, and an 18.6% shareholding in Aviva
Corporation Ltd, a prospective coal miner and power generator in the Central-West
region of WA.
The acquisitions will be subject to shareholder approval and will involve the issue of
175 million new Wasabi shares and 25 million options exercisable at 3c per share on
or before 30 June, 2008.

....

Wasabi directors have also resolved to raise $375,000 for working capital purposes
through the placement of 15 million shares with 15 million attaching options at a
price of 2.5c per share. The options will be exercisable at 2.5 cents on or before 31
December 2007.
Directors have appointed Mr Stephen Morris as an executive director. Mr Morris has
had extensive experience in international corporate finance and investment. In order
to secure the services of Mr Morris, directors have resolved, subject to shareholders’
approval, to issue to Mr Morris 5 million options exercisable at 3c per share and 5
million options exercisable at 3.5c per share on or before 30 November 2009. It is
also proposed that a similar package of options be issued to the Managing Director,
Mr Wise. Mr Wise’s current option package expires in January 2007.
The purchase will add considerably to Wasabi’s energy base which presently
comprises Exergy’s low heat power generation technology that converts geothermal
and waste heat to electricity, uranium exploration in Australia’s Northern Territory
and bio-diesel investments in Victoria."