Ann: Confirmation of Legal Titles , page-20

Page 65 - "What happened with the shortfall share money?"
This imo is blatant disregard for Cityview shgareholders.
As we are the public company, we are the only ones with the means to raise money.

Fortitude took millions (over $10mill) from us in share purchases last year, and didn't use it to make good standing of the leases, or think to drill them!!

29. Subsequent Events

On 21 January 2009, The Company announced the termination of its relationship with Pensador Resources Inc. As a result of the termination, CityView secured an 18.5% holding in Angola Diamond Holdings Ltd, the parent company of Canzar Resources Limited, who holds approximately 42% interests in Nhefo and Luachisse diamond concessions in Angola.

CityView also received the benefit of loans of A$2.3 million (GBP 1.1 million) and A$4.6 million (US$3.2 million) made by Pensador to Fortitude Minerals Limited.
On 27 February 2009, The Company in accordance with the resolution approved at the Extraordinary General Meeting of 30 January 2009, allotted 8,796,000 shares to six of the remaining seven shareholders of European Oil Limited in exchange for their holding in European Oil Limited. CityView now holds 96.42% of European Oil Limited.

On 28 February 2009, The Company completed the placement of the shortfall stock in relation to its rights issue to raise A$6.2 million. These funds have been loaned to Fortitude Minerals Limited for the payment of licence fees in Angola and the commencement of its work program in Angola.