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THORNEY TECHNOLOGIES LTD Capital/Financing Update 2006
65908_rns_2006-03-23_1bf9f337-d1db-4d0d-94ef-e4425a0c4d68.pdf
Capital/Financing Update
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AUSTRALIAN RENEWARD FUELS LIMITED
AUSTRALIAN RENEWABLE FUELS LIMITED
ABN 65096782188
SUITE 1B, LEVEL 5 SOUTH SHORE PIAZZA 85 SOUTH PERTH CSPLANADE SOUTH PERTH WA 6151
P.O.BOX 837 SOUTH PERTH WA 6951
$T\bar{t}1$ $+61893633500$ FAX. +61893633577 E-MAIL [email protected] WEB www.arfuels.com.au
Friday, 24 March 2006
Company Announcements Office Australian Stock Exchange Limited 10th Floor, 20 Bond Street SYDNEY NSW 2000
Dear Sir/Madam,
RE: ISSUE OF EMPLOYEE OPTIONS
The Directors of Australian Renewable Fuels Limited are pleased to advise that pursuant to a Directors resolution and, in accordance with the Company's Employee Share Option Plan, ARF has granted a total of 400,000 share options to Executive Employees of the Company.
The exercise price, the date the relevant options become exercisable and the expiry date of the 400,000 options are summarised in the table below:
| Total number of options |
Exercise price | Expiry date | Date options become exercisable |
|---|---|---|---|
| 130,000 | 1.62 | 24 March 2011 | 24 March 2007 |
| 130,000 | 1.62 | 24 March 2011 | 24 March 2008 |
| 140,000 | 2.00 | 24 March 2011 | 24 March 2009 |
Yours faithfully,
An. L
Max L Ger Finance Director/Company Secretary
ENDS