Hi Madmanx,
See Notice of Meeting - page 24
https://app.sharelinktechnologies.com/announcement/asx/5a660dcd36a5255b98f657e73f685807
RESOLUTION 10 – PLACEMENT OF NEW OPTIONS
10.1 Background
On 20 October 2022, the Company announced that unlisted options with an
exercise price of $0.075 are scheduled to expire at 5.00pm WST on 30 November
2022 (Expiring Options), and that, subject to shareholder approval pursuant to
Resolution 10, the Company will issue up to 38,790,399 Options at an issue price of
$0.005 per Option (Priority Options) to raise up to $193,952 (Option Placement).
The Priority Options will be issued to holders of Expiring Options on a 1 for 1 basis
and will have an exercise price of $0.075 per Option and an expiry date which is
24 months from the date of issue.
The Option Placement will be undertaken via the issue of a prospectus
(Prospectus) which will invite applications for the Priority Options (Offer). All holders
of Expiring Options will be eligible to apply for the Priority Options.
Been in my shell for a while, just time to sit patiently until gold market improves and GBM finalise asset sales and expand resources in the Drummond Basin.
Cheers
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Ann: Priority Entitlement Option Offer, page-10
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