AMU 0.00% 21.0¢ amadeus energy limited

which is it???

  1. 488 Posts.
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    Which is it 15M shares or 55M shares????

    Modified Transaction Terms
    On 4 December 2012, Amadeus announced that it had agreed to modify the terms of the
    Transaction in two ways. Firstly, current Amadeus shareholders will be paid a special unfranked
    dividend of 2 cents per ordinary share, conditional upon the completion of the Transaction.
    Secondly, the vendors of EER will be issued an additional 15 million Amadeus shares if one of the
    following two conditions is satisfied within 18 months of completion of the Transaction:
    ? Announcement by Amadeus of an externally audited, Proved and Probable reserve on Lonestar’s
    Gonzo asset with a PV10
    1
    of at least US$40 million; or
    ? The share price of Amadeus trading at a volume weighted average price of A$0.40 or more
    during a period of 45 consecutive trading days following completion.
    Accordingly, if either of the above conditions are satisfied within 18 months of completion of the
    Transaction, the vendors of EER will be issued with 55 million Amadeus shares.
 
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Currently unlisted public company.

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