• Options will be offered to shareholders of record on 27 July 2007. • The offer will be on the basis of one option for every three shares held at the record date. • Options will have a term of approximately three years, expiring 30th June 2010. • The option exercise price will be $0.70 per share. • The offer will be non-renounceable, meaning that shareholders will not be able to sell their rights to the options. • The offer will not be underwritten. • The subscription price for the options will be one cent ($0.01) per option. • The Company will apply to have the options listed on ASX.
Good news! Interesting that its shareholders on record 27th of July, does that mean anyone who purchases a bundle on the 26th.. and then sells on the 29th will get free options?
TUC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
