options, page-9

GBM Resources (GBM) is another company that offered a Priority Entitlement Offer to its Existing Option Holders;



21 June 2010
The Manager
Company Announcements
Australian Securities Exchange Ltd
Level 5, 20 Bridge Street
Sydney NSW 2000

Priority Entitlement Offer to Existing Option Holders
GBM Resources Limited (Company) has resolved, subject to Shareholder approval, to proceed with a Priority Entitlement Offer (Offer) to holders of listed and unlisted options over unissued shares in the Company.
Under the terms of the Offer, each holder of listed and unlisted options at the close of business on the record date of 30 June 2010, being the expiry date of the existing options, will be entitled to subscribe for one option, at a subscription price of $0.01 for each option held at that date.