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ASX Market AnnouncementsFinancial ReportsDecember 2007 Half-yearly Report December 2007 Quarterly Report September 2007 Quarterly Report
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Current Securities
Securities Listed on ASX:
40,282,500 | Fully Paid Ordinary Shares |
Restricted Securities Not Listed on ASX:
775,000 | Fully Paid Ordinary Shares escrowed until 6 December 2007 |
39,725,000 | Fully Paid Ordinary Shares escrowed until 24 May 2009 |
40,225,000 | Total |
1,425,000 | Employee Options, each to acquire one Share at an exercise price of $0.55, expiring 27 July 2012 |
18,550,000 | Directors Options, each to acquire one Share at an exercise price of $0.55, expiring 27 July 2012 |
19,975,000 | Total |
Strike’s Distribution Of Alara Shares In Specie
Strike Resources Limited (Strike) has agreed to undertake an in-specie distribution of up to 16,000,000 shares in Alara Uranium Limited (Alara) held by Strike (the In-Specie Distribution) to Strike shareholders at a time to be nominated by the Strike board but being not more than 6 months after the Alara shares commence quotation on the ASX, subject to the ASX granting a waiver for such dealing of escrowed shares, all regulatory and shareholder approvals and consideration by Strike of the tax consequences arising therein.
The Strike Board has advised that it has not yet determined the timetable for the In-Specie Distribution.
Strike’s current 28.75 million Alara shares are currently escrowed until 24 May 2009.
ASX has advised Alara that the In-Specie Distribution received by Strike shareholders (other than the related parties and promoters of Alara, Strike or any of their associates) will cease to be subject to restriction after the despatch of holding statements to Strike shareholders.
Alara has undertaken to enter into restriction agreements (for an escrow period expiring on 24 May 2009) in relation to any securities of Alara issued or distributed to related parties and promoters of Alara, Strike or any of their associates, under the proposed Strike In-Specie Distribution.
