Coalworks Directors intend to recommend approximately 1 Orpheus share for every 8 Coalworks shares held by shareholders. The record date will be announced soon and is expected to be 30 days after Orpheus lists on the ASX, scheduled for the first half of 2011.
## If Orpheous get off to a good start surely cwk's sp will get a further kick along as investors will be keen to pick up the "free shares" in Orpheous prior to the record date (30 days after Orpheus listing).
DYOR
CWK Price at posting:
97.7¢ Sentiment: Hold Disclosure: Held
