whats this ann mean

so what does this ann today mean???


8 December 2008
Company Announcements Office
Australian Securities Exchange
Exchange Centre
20 Bridge St
SYDNEY NSW 2000
Dear Sir / Madam
Cancellation of Options
Western Metals Ltd wishes to advise that the following unlisted options have been cancelled by the company:
Number of Options
Exercise Price
Expiry Date
1,750,000
$0.025
30 April 2011
3,750,000
$0.05
30 April 2011
3,406,848
$0.15
7 December 2008
2,000,000
$0.60
30 April 2011
2,000,000
$0.80
30 April 2011
6,000,000
$0.26
30 June 2011
1,000,000
$0.30
30 June 2012
19,906,848
Yours sincerely
Morgan Ball
Company Secretary
For and on behalf of WMT
Western Metals Limited
ABN 69 009 150 618
Unit 7, 100 Railway Road, Subiaco WA 6008 – PO Box 1674 Subiaco WA 6904




is this the beginning of the end??