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IMAGE RESOURCES NL — Capital/Financing Update 2009
Nov 24, 2009
65117_rns_2009-11-24_94196353-ef8b-4b8e-8b34-cb118514f4aa.pdf
Capital/Financing Update
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Level 2, 16 Ord St West Perth WA 6005 PO Box 644 West Perth WA 6872 Telephone 08 9485 2410 Facsimile 08 9485 2840 [email protected] www.imageres.com.au
ABN 57 063 977 579
ASX Code: IMA
25 November 2009
Company Announcements Office Australian Securities Exchange Limited 4th Floor, 20 Bridge Street SYDNEY NSW 2000
EXERCISE OF DIRECTORS’ OPTIONS
Image Resources is delighted to announce that the Managing Director, George Sakalidis, and Executive Director, Roger Thomson, exercised all 1,214,604 options having a 26 November 2009 expiry date at an exercise price of $0.39 each injecting $473,695, into the Company, in the result, all options in that series have now been fully exercised. The exercise has significantly increased their shareholdings and evidences their commitment to and belief in the Company and its assets.
The funds will be used to further develop Image’s advanced mineral sands projects in the North Perth Basin and the Eucla Basin.