Options fully underwrittent by Summit & All Malwai Leases renewed:
2.0 Malawi (Uranium) 100% No exploration activities were carried out during the Quarter. All exploration licenses were renewed during the Quarter.
4.0 Corporate Activities The company is pleased to advise that its largest shareholder, Summit Investments Pty Ltd, has agreed to underwrite the exercise of the ASX listed (A$0.20c) options expiring 31.01.2011. This will ensure that the company receives approximately $2,600,000 from the exercise of the options.
SIH Price at posting:
22.9¢ Sentiment: Buy Disclosure: Held