BLR black range minerals limited

So STB Minerals holds the balance of power?(d) To fully exercise...

  1. buc
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    So STB Minerals holds the balance of power?

    (d) To fully exercise the STB Option, the Company is obliged to pay STB a further US$2.0 million and issue STB Shares to the value of US$7.5 million (such value being calculated by using an issue price equal to the five (5) day volume weighted average price of the Shares in the five (5) days immediately prior to the date of issue). These Shares are to be issued in 2 tranches, with the issue of the second tranche occurring 180 days after the issue of the first tranche.
 
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Currently unlisted public company.

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