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VOLT RESOURCES LIMITED — Director's Dealing 2012
Feb 21, 2012
66019_rns_2012-02-21_0f61c4d2-6f38-4374-99d6-cfe205ff710f.pdf
Director's Dealing
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22 February 2012
Australian Securities Exchange Exchange Plaza 2 The Esplanade PERTH WA 6000
Dear Sir/Madam
Performance rights and performance shares
The Company wishes to advise that the following unlisted performance rights issued to Directors have vested and have now been exercised:
| Tranche | Number | Hurdle Price |
|---|---|---|
| 1A | 338,250 | $0.28 |
| 2A | 198,000 | $0.31 |
| 3A | 198,000 | $0.31 |
The following unlisted performance rights issued to Directors of the Company have expired and were unexercised:
| Tranche | Number | Expiry Date | Hurdle Price |
|---|---|---|---|
| 1B | 348,500 | 21 February 2012 | $0.38 |
| 1C | 338,250 | 21 February 2012 | $0.45 |
The Company also wishes to advise that 5,000,000 Performance Shares issued as consideration for the acquisition of Dugal Pty Ltd have lapsed due to Milestone terms not being met. These terms were outlined in the Company prospectus released to ASX on 13 December 2010. The Performance Shares lapsed on 21 February 2012.
Yours Faithfully
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Ryan Broom Company Secretary
Mozambi Coal Limited ACN 106 353 253 Level 2, 640 Murray Street, West Perth, Western Australia 6005 Tel: (+618) 9321 0774 Fax: (+618) 6314 1557