PEN 5.00% 10.5¢ peninsula energy limited

rcr research significant re-rating anticipated, page-25

  1. 9,188 Posts.
    1am reading...I am confused...

    "Each share has one (1) free attaching listed (PENOA) option exercisable at 3 cents on or before 30 June 2012 for every four (4) new shares issued pursuant to the Placement."


    "EACH SHARE"?...each single share?...so 1-for-1????


    "for every 4 new shares"...so 1-for-4?...


    I am confused. lol

    Need to seek confirmation
 
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