The Share Purchase Plan (or “the Plan”) will be offered to...

The Share Purchase Plan (or “the Plan”) will be offered to existing shareholders who will have the opportunity
to subscribe for -- up to $15,000 worth of new shares -- in the Company at a price of 1.0 cent per share. Registered
shareholders as of the 9th May 2014 will be eligible to participate in the Plan. The Share Purchase Plan will close
on the 2nd of June and shareholders will be mailed the relevant paperwork over coming days.

I assume if they make this offer they cannot renege on it?