General Meeting, page-5

Hi Paul
Yes the ill fated gift(not) to shareholders, 1 option for every 3 shares at .01c , conversion price 19c end of 2019. So as you can see not a great gift and this was when APC was solely a phosphate play and just throwing off the last overhang of shares with the underwriters.
Not so long after that they announced with a rush of blood that we would start work on the Y Gold prospect. There is a noted pattern with this management and board ...... as soon as things start to get a lift they come up with novel ways to embrace foot in the mouth. I for one seriously wonder whose interests they have at heart. They certainly know how to issue themselves regular parcels of shares and gift great quantities to parties other than their shareholders.
Perhaps this is what you get if you have an accountant based skill set at the top. However I and many others have long memories in the share market. Anyway, lets hope in our wildest dreams that the gold foray proves successful, although having spent many years investing in exploration companies I was rather taken with the initial work and lake wells phosphate project and saw it as a diversification of my portfolio. The strangest thing is that they changed the companies name from Goldphyre 18 months ago to rebrand it as a phosphate company APC only to turn around and head off back into gold exploration. It is this kind of on the hoof decision making which fails to inspire.