It seems someone may not be waiting for the 2.5c option and may be buying all they can now. Who knows....
XTRACT ENERGY PLC("Xtract" or "the Company") Investment Update - Wasabi Energy Ltd
"Xtract Energy Plc announces that it has today completed the sale of 132 million shares in Wasabi Energy Ltd ("Wasabi"). Furthermore, the Company has granted a call option over a further 100 million Wasabi shares. The sale was made and option granted to a number of UK and European based investors."
"The Wasabi shares were sold at A$0.02 per share. The total cash consideration receivable by the Company for the sale of the shares and the grant of the option is approximately A$2.6 million."
"The call option is exercisable at A$0.025 per share and expires on 30th November 2008. Wasabi's closing share price on Friday 18th April was A$0.018 per share."
WAS Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
