how do i trade my renouncaeble rights?, page-6

Not a bad way to make $1,000,000 odd

And then a possible further $3,000,000 if the 100,000,000 options don't get up.


"Patersons Securities Limited will receive a fee for its role as Lead Manager and Underwriter being an underwriting fee equal to 6% of the underwritten amount of $17,369,489 (being
approximately $1,042,169) and a management fee of $100,000. Subject to shareholder approval, the Company will also issue Patersons Securities Limited 100,000,000 Options, each with an exercise price of $0.055 and expiring on 31 March 2017, or if Shareholders do not approve these Options, pay Patersons securities Limited a sum of $0.03 for each of those options that would have been issued."

CK