The Directors of Proto Resources & Investments Ltd (“Proto”) have resolved that the Company will make a pro rata non-renounceable offer of up to 741,793,705 New Shares at an issue price of $0.001 (0.1 cents) per New Share. An attaching New Option will be issued on the basis of one New Option for every one New Shares subscribed for and issued under the Offer. The New Options will have an exercise price of $0.0013 (0.13 cents) and an expiry date of 17 December 2017.
The Offer will be made to Proto shareholders on a basis of one (1) New Share (with attaching New Option) for every one (1) Share held at 5.00pm WST on 18 March 2014 (Record Date).
All holders of ordinary shares in the Company are entitled to participate in the Offer. Optionholders who exercise their Options after the date of this Prospectus but prior to the Record Date are entitled to participate in the Offer.
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