oppies

Wonder if they intend to do a GBZ and re offer them to holders at a reduced strike say 10c and an issue price of 1c expiry 31/12/13 ?


Dear Option Holder
The $0.20 Options issued by the Company are due to expire at 5.00pm Eastern Standard Time on
Thursday 31 May 2012. In accordance with the terms and conditions of the option issue and the
ASX Listing Rules, the Company is required to give you notice at least 20 business days before the
expiry date.
In accordance with the ASX Listing Rules the Company advises as follows:

1. The latest date for the exercise of the options and for payment of the exercise price is 31 May
2012;

2. The exercise price of the options is $0.20 per option;

3. The consequence of non-payment of the exercise price is that the options will lapse;

4. The latest available market sale price of the Company’s shares on ASX prior to the date of
letter was $0.034 per Share on 30 April 2012;

5. The highest and lowest market price of the underlying securities during the three months prior
to 1 May 2012 are set out below:
I. Highest: $0.046 per Share on 1st March 2012;
II. Lowest: $0.034 per Share on 30th April 2012.

6. The last date of quotation of QMNO options on the Australian Securities Exchange will be 24
May 2011.

Enclosed is a “Notice of Exercise of Options Expiring 31 May 2012”

To convert your QMNO options into QMN shares, complete the attached “Notice of Exercise of
Options Expiring 31 May 2012” form in full, sign it and send to the Company’s share registry with