WHICH ONE IS RIGHT Resolution 6: Approval of PlacementIn...

WHICH ONE IS RIGHT Resolution 6: Approval of Placement
In compliance with Listing Rule 7.3 the following information is provided in relation to resolution 6 on the Notice of meeting.
(c) The maximum number of shares which will be issued under the resolution is 40,494,519 shares as specified in the
resolution.
(d) The date by which Moby will issue the Shares will be will be not later than 22nd February 2010 which is not later than three
(3) months after the date of the meeting. The Authority proposed to be granted to Directors and Associates to participate
in the placement under resolution 8 below is limited to be an authority to participate only if the placement is made within
one (1) month from the date on which the resolution is passed (22 December 2009).
(e) The issue price of the will be a minimum price of $0.18 (18 cents) per share.
(f) The names of the allottees are not known. The placement will either be made pursuant to a prospectus or other disclosure
document lodged with ASIC or, if not made under a prospectus or other disclosure document, will be made to excluded
offerees under Section 708(8) of the Corporations Act 2001 who are clients of the stockbroking firm who may be appointed
to manage any such placement which is likely to be RBS Morgans Limited or Patersons Securities Limited.
(g) The shares are ordinary shares which will rank pari passu from issue with all other ordinary shares then on issue.
(h) The funds raised will be used to fund the company’s obligations under the farmins to WA-332-P, WA-333-P and WA-342-P
as previously announced to ASX on 18 September and 21 October 2009 and, to the extent not so used will be available for
use in meeting general working capital requirements in relation to Moby’s other exploration assets.
(i) Allocation will take place progressively as shares are issued.
(j) In accordance with the provisions of Chapter 2E of the Corporations Act 2001 and the requirements of Listing Rule 7.3 the
Company advises that it will disregard any votes cast on Resolution 6 on the notice of meeting by:
(i) any of the Directors of the Company (Messrs E G Albers, L E Coburn and G A Menzies) and any Associate of any
of them within the meaning of the Corporations Act 2001;
(ii) Any proposed allottee of any of the shares and any Associate of any of them within the meaning of the Corporations
Act 2001.
However, the Company will not disregard a vote if:
(i) it is cast by any such person or any of its associates as proxy for a person who is entitled to vote, in accordance
with the directions on the proxy form; or
(ii) it is cast by the person chairing the meeting as proxy for a person who is entitled to vote, in accordance with a
direction on the proxy form to vote as the proxy decides.