Hi Henster - The information is from the explanatory notes sent by Ian Pamensky to all shareholders prior to our vote in 2012.
It refers to the DFR - not the option (25.1%). That is to the 14.9% or 59,735,223 Shares.
"The price for conversion of the Deferred Share Rights into Shares will be at a discount of 10% to the two month volume weighted average price (VWAP) of the Shares. For the purposes of calculating the two month VWAP per Share, the two month period will be the 2 months commencing 1 month after the date on which the Four Mile Uranium Project Litigation is finally determined."
At the time posters were worried about the issue price of the securities but we were lulled into believing that good news would deliver a good VWAP
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- Ann: Four Mile Project - Litigation Settlement
Ann: Four Mile Project - Litigation Settlement, page-250
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