Capital Structure

 
Number
%
Shares issued to promoters and seed capitalists
11,600,000
13.8
Shares issued to vendors (METCO)
46,400,000
55.2
Shares issued under Initial Public Offering
26,000,000
31.0
Total Issued Shares
84,000,000
100%

 

There are also 2,100,000 Promoter Class A and Class B Options on issue. These options are not listed and can only be exercised upon Uranium King Limited securing JORC resources equivalent to 10,000,000 pounds and 15,000,000 pounds respectively. The 46,400,000 vendor shares are held under escrow until 5 September 2008 and are not tradeable until that date. A total of 6,600,000 promoter shares are held under escrow until 5 September 2008 and are not tradeable until that date. A total of 2,500,000 seed capital shares are held under escrow until 26 July 2007 and are not tradeable until that date. As at 30 September 2006 the top 20 shareholders held 69.2% of the issued capital (updated quarterly).