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PTR MINERALS LTD Capital/Financing Update 2006
65621_rns_2006-01-16_d487cd8f-f12b-4114-aa71-0db1586e0347.pdf
Capital/Financing Update
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MINOTAUR EXPLORATION LTD
247 Greenhill Road, Dulwich 5065, South Australia Tel: +61 8 8366 6000 Fax: +61 8 8366 6001 Website www.minotaurexploration.com.au Email [email protected] A.C.N. 108 483 601
17 January 2006
ASX Release
Petratherm Limited
The Board of Minotaur advises that, further to the placement announced by Petratherm Limited today, Minotaur has elected to exercise 2.5 million options for ordinary shares at $0.20 per option in Petratherm. This will inject $500,000 into Petratherm and will effectively maintain the Company's interest in that group.
In exercising the options, the Company's equity in Petratherm will be 40.94% (previously 42.86%).
The company now holds 17,500,000 shares and 5 million options in Petratherm. All the shares, including those to be issued following the exercise of options, and all options remain in escrow until 27 July 2006.
