The Directors advise that the under the terms and conditions of the Convertible Note funding announced on 19th September 2007, the Company has issued the subscriber a total of 5,000,000 48 cent unlisted non transferable Options exercisable on or before 9 November 2012. The Company has also issued a total of 1,058 fully paid ordinary shares at $0.25 per share pursuant to the exercise of MMNO listed options. An Appendix 3B form (New issue announcement, application for quotation of additional securities and agreement) detailing the issue is attached.
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