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CORE ENERGY MINERALS LTD Capital/Financing Update 2004
64702_rns_2004-05-25_fb9d18e5-7e5b-4ea7-8451-c8fbcee4084c.pdf
Capital/Financing Update
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Mit Hoor, 145 Easle St Brishane, Q114010
CROTiox 996 MARITA QUE 1011
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26 May 2004
Company Announcements Office Australian Stock Exchange Limited 20 Bridge Street Sydney NSW
Expiring Options
The Company (ASX Code: GLO) has quoted options (ASX Code: GLOO) on issue which, pursuant to paragraph 6.24 of the ASX Listing Rules, would require the Company to adhere to the timetable in paragraph 6 of Appendix 6A in relation to their expiry including to send a Notice to each optionholder setting out certain particulars in relation to their holding.
However, the ASX has granted a waiver from that Notice requirement provided the following information otherwise required by paragraph 6.1 of Appendix 6A is announced to the market with regard to the guoted options:
- (a) Options are held by 1,346 different optionholders as at the date of this announcement.
- (b) 16,510,571 options are on issue, each one (1) convertible into one (1) ordinary fully paid share in the Company.
- (c) Each option is convertible at an exercise price of $41¢$ .
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- (d) Options are exercisable on or before Wednesday 30 June 2004.
- (e) Non-payment of the exercise price will result in options lapsing and, as a consequence. being of no value.
- (f) Quotation of options on ASX will cease Wednesday 23 June 2004.
- (g) Latest available market price of quoted ordinary fully paid shares in GLO is 13¢ per share.
- (h) Highest and lowest market price of GLO shares, and the dates of those sales, during the three (3) months immediately preceding the date of this announcement were:
| High: | 4 March 2004 | 18.0 cents |
|---|---|---|
| Low: | 13 May 2004 | 9.5 cents |
- (i) All shares in the Company are fully paid ordinary.
- (i) There is no underwriting agreement in place in relation to these options.
No option expiry notice will be sent to optionholders unless the market price of GLO shares exceeds 30 cents before 30 June 2004.
Yours faithfully,
$\rightarrow$
Bill Lyne Company Secretary Ph: 04 1887 4175 Email: [email protected]