IDA indiana resources limited

Ann: First Session of ICSID ad hoc Committee, page-21

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    1. If you look at Bronwyn's options you get a good idea the time frame and SH expectations...


      (a) 12,000,000 Options exercisable at 5.0 cents ($0.05), vesting upon the 30-day volume-
      weighted average price of the Company’s shares exceeding $0.15 not later than7 February 2024 and expiring 12 months after vesting; and

    2. (b) 20,000,000 Options exercisable at 7.5 cents ($0.075), vesting upon the 30-day volume-weighted average price of the Company’s shares exceeding $0.30 not later than7 February 2025 and expiring 12 months after vesting,

 
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