Options (description and conversion factor)
Class A 15,000,000 - Exercise price $0.03 Expiry date 14/2/2016 (vested and exercisable)
Class B 15,000,000 - $0.03 14/2/2016 (vested and exercisable)
Class C 15,000,000 - $0.04 14/2/2016 (vest if TNP shares trade at a VWAP of 5 cents or more for 10 consecutive days )
Class E (director) 15,000,000 - $0.04 14/2/2016 (vested and exercisable)
The new directors' expiry date is:
Unlisted Class G Options Exercise Price: $0.015 per Share Expiry: 31 August 2018)
TNP Price at posting:
1.3¢ Sentiment: None Disclosure: Held
