OK..correct me if i am wrong...this is how i interpret the...

OK..correct me if i am wrong...this is how i interpret the announcement...
"
The new issue will be a pro rata non-renounceable entitlement issue of 79,505,481 shares on a 1
for 1 basis with the New Shares being offered to MEMBERS at an issue price $0.18 (18 cents) per
New Share to raise $14.3 million. "

and referring back to the announcement made by MOG on 29/09/2009 one of the condition to acquire Gascorp is

"Moby shareholders approving, in general meeting, the acquisition of Rankin Trend in
exchange for the issue of shares in Moby. This approval is required because Gascorp and
Rankin Trend are Associates (within the meaning of the Corporations Act 2001) of Mr E G
Albers, a director and substantial shareholder in Moby, and because the consideration for
the acquisition of Rankin Trend is the issue of shares in Moby in exchange for all of the
shares in Rankin Trend; "

My interpretation is that MOG is acquiring Gascorp by issuing shares to MEMBERS of Ranking Trend at sp of $0.18 in exchange of all the shares in Ranking Trend. and this is NOT a SPP for the current shareholder of MOG.