sit tight or bail out ??, page-8

No kidding-

Subsequent to the rights issue Apex will have approximately 3,318 million ordinary shares on issue
(before the exercise of any options/warrants/partly paid shares).

The renounceable rights issue comprises nine (9) new shares for every two (2) existing shares held
at 4 cents per share.

For every 10 new shares subscribed for, investors will also receive 1 new
option. The options shall have an exercise price of 6 cents per share and an expiry date of 3 years
from their issue date.