As a result of IW securing these projects, IW and the Company have agreed to vary the
Heads of Agreement (as announced on 21 October 2009) whereby the Company has now
3
agreed to acquire 100% of IW in consideration for a cash payment of US$300,000 (as
reimbursement for expenses) and the issue of 630 million ordinary shares in the Company.
Is that 1.63 billion shares on issue plus the performance options?
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As a result of IW securing these projects, IW and the Company...
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