ouch...
Purpose: To enable the company to pursue its CURRENT
drilling program.
Expiry: 2014
Amount Paid up so far = 1 tenth of 1 cent ($186,000.00)
So, in order to get the the 1.4 cents they will need to get the price over 1.5. They say its for current operations but expiry is 2014...
So they pump the price and get it over 1.5, at which point, the owner(s), will likely convert and sell their 186,000,000 shares.
Look out below!!!!
appendix 3b ..., page-2
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