NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 
 
NOTE 25 – ISSUED CAPITAL 
 
Total ordinary shares issued and outstanding at each period end are fully paid.  All shares issued are authorized.  
Shares have no par value. 
 
a) Ordinary Shares Number of Shares 
  
Total shares issued and outstanding at 31 December 2012  278,765,141 
Shares issued during the year 184,408,527 
Total shares issued and outstanding at 31 December 2013 463,173,668 
Shares issued during the year   86,122,171 
Total shares issued and outstanding at 31 December 2014 549,295,839 
 
Ordinary shares participate in dividends and the proceeds on winding up of the Parent Company in proportion to 
the number of shares held. At shareholders’ meetings each ordinary share is entitled to one vote when a poll is 
called, otherwise each shareholder has one vote on a show of hands.  
 2014 2013 
Year ended 31 December US$’000 US$’000 
   
b) Issued Capital   
Beginning of the period   237,008   58,694 
Shares issued in connection with:   
     Merger with Texon - 132,092 
     Private placement 72,178 47,398 
     Exercise of stock options            260            813 
Total shares issued during the period 72,438     180,303 
Cost of capital raising during the period, net of tax benefit      (2,593)      (1,989) 
Closing balance at end of period    306,853    237,008 
 
c) Options on Issue 
Details of the share options outstanding as at 31 December: 
 
Grant Date 
 
Expiry Date 
 
Exercise Price A$ 
2014 
No. of options 
2013 
No. of options 
02 Dec 2010 01 Dec 2015 0.37 - 291,666 
02 Mar 2011 30 Jun 2014 0.95 - 30,000 
03 Jun 2011 15 Jan 2016 0.65 500,000 500,000 
06 Jun 2011 01 Sep 2015 0.95 30,000 30,000 
06 Sep 2011 31 Dec 2018 0.95 1,200,000 1,200,000 
05 Dec 2011 05 Mar 2019 0.95 1,000,000   1,000,000 
01 Nov 2012 01 Feb 2020 1.15 - 350,000 
03 Dec 2012 03 Mar 2020 1.15 - 350,000 
01 Apr 2013 01 Jul 2020 1.25 - 350,000 
24 Sept 2013 23 Dec 2020 1.40                   -      950,000 
Total share options outstanding  
 
   2,730,000   5,051,666 
- 89 -