OK , Read on from the last Two Posts.From TMK Half Year...

OK , Read on from the last Two Posts.
From TMK Half Year

"Corporate

Convertible notes
During the December quarter the Company secured short term working capital funding from its major
shareholders in the lead up to the drilling of the Rend Lake Prospect, as the Company has been significantly
delayed in its financing from the completion of the Duvernay sale to CPO. The interim working capital funding
provided has enabled the Company to continue its current operations and projects in the normal course of
business.
This short term funding has been restructured into two Convertible Notes (Notes) with a face value of
AUD$300,000 each, following approval by shareholders at the Annual General Meeting held on 28 November
2013. At the election of the note holder, the Notes may be converted to Tamaska shares at an issue price of
0.05 cents each. If not converted, the Notes are repayable after 3 years. If repaid the Notes attract an annual
interest rate of 8%, if converted to shares no interest is payable by the Company.

****************
The note holders are entities related to Mr Charles Morgan the now former Chairman of Tamaska) and Mr Craig
Burton (a major Tamaska shareholder with approximately 18% of the Company) respectively.
*******************
Issue of options
On 3 October 2013 the Board issued options to Alexander Parks, CEO (now Managing Director). Mr Parks was
awarded 300 million options exercisable at 0.15 cents each within 4 years. A vesting period of 12 months will
apply to half of the options and 24 months to the other half.
Significant changes in the state of affairs
There were no significant changes in the state of affairs during the year.
Events subsequent to reporting date
Mr Alexander Parks was appointed Managing Director on 17 February 2014, this followed Mr Parks joining
Tamaska as CEO in February 2013. The Board also advised the market of the resignation of Board member Mr
Charles Morgan as Chairman effective 17 February 2014. With the resignation of Mr Morgan, Mr Brett Mitchell
was appointed Non-Executive Chairman.
The Company converted 14,000 Convertible Performance Shares into Fully Paid Ordinary Shares on 10 February
2014 following completion of the performance conditions.
On 19 February 2014 the Company lodged a Notice of Meeting including a 100:1 consolidation of capital
resolution. The General Meeting will be held Friday 21 March 2014."

100:1 was approved at the AGM
HHHMMMmmmmm

R15