• Options will be offered to shareholders of record on 27 July...

• 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?