turning the tide?, page-20

Post #: 9740851

"So not a big stretch to think Heerden wont extend if he already hasn't"

Page 75.
In accordance with the share sale agreement, the Group will issue 80,000,000 Shares and 80,000,000 free
attaching options exercisable at $0.08 on or before 31 July 2012 on the date the Zambian Manganese
Projects achieve a minimum of 10,000,000 tonnes of JORC (or equivalent) manganese resource within 18
months from the execution of the share sale agreement (by March 2013). During the year ended 30 June
2013, the performance milestone date was extended from March 2013 to 1 April 2014 and the expiration
date of the 80,000,000 Options was extended to 1 April 2014. A value of $2,480,000 has been assigned to
these shares and options based upon a 100% probability of meeting the performance milestone.

In accordance with the share sale agreement, the Group will issue 80,000,000 Shares with 80,000,000 free
attaching options exercisable at $0.08 on or before 1 April 2014 on the date the Zambian Manganese
Projects achieve a minimum manganese production of 30,000 tonnes per month of JORC (or equivalent)
Saleable Manganese Ore for at least 3 months within any 6 month period, provided that it is achieved
within 30 months from the execution of the share sale agreement. A value of $3,200,000 has been
assigned to these shares and options based upon a 100% probability of meeting the performance
milestone

Tokkas Van Heerden and Impondo have the potential to get 264,000,000 shares and 160,000,000 options out of this in total. (80m + 24m given already)

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Page 85

On 4 September the Group announced the allotment of 170,440,000 new options exercisable at $0.012 on or before 31 August 2016 in accordance with the Entitlement Issue Prospectus dated 2 August 2013.

On 24 September 2013, the Group announced the completion of the option rights issue shortfall of 121,975,898 attaching new options exercisable at $0.012 on or before 31 August 2013. Funds raised from the Option Rights Issue totaled $292,415 before costs. (Hmmmmm 2013?????. Think that should be 2016)
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2 Aug 2013 Koboko Prospetus.

Went and looked back at this prospetus to check above.
I had to laugh.
Komodo and Okap are all class

Shareholders will be entitled to acquire 1 new Listed Option exercisable at $0.012 on or before 31
August 2016 (“New Options”) for every 3 existing...

Nkwe Shares... (Whoops!!!!!!!! Wrong company!)

held at the record date (being 14 August 2013), at an issue price of A$0.001 per option.
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Always a favorite of mine in the fleets Annuals.

RELATED PARTIES. pg 85

During the year consulting fees of $175,000 were paid or accrued to Okap Ventures Pty Ltd, a company of
which Mr Jason Brewer is a director for the period up to his resignation, for the provision of company
secretarial, financial management, strategic and corporate advisory, capital raising, investor and public
relations and associated services in fully serviced offices in both Perth and London.

During the year consulting fees of ZAR 3,651,639 (AUD $393,089) were paid or accrued to Impondo South
Africa Limited , a company of which Tokkas Van Heerden is a director for the period since his appointment,
for the provision of Operational Services for the Zambian Projects.

Okap Ventures Pty Ltd Corporate management services $330,927

Tokkas Van Heerden Director fees $150,000
Tokkas Van Heerden Consultancy fees $327,812 (Impondo)

(Pretty sweet for 8 months.)
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Thirdly, the Group proposes to dig trenches at the Chowa area to expose the vein for further \evaluation. The trenching can be undertaken using non-mechanised?????? ...................................................... manual labour initially. (ROFL)
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Yip. Well beaten track of repeat behavior!