Options can be converted to shares following the below procedures.
|
1. |
Login to your shareholder account. |
|
2. |
Go to “Convert Options to Shares” and key in the number of Options that you intend to convert to shares. |
|
3. |
Upon confirmation, a Client Trust account will be designated for you to execute your payment. |
|
4. |
Make the payment to the designated Client Trust account as soon as possible. May sure to include 50 – 100 USD extra for bank charges. |
|
5. |
Payment has to be received within 14 days from application date, or else application will be closed. Shareholder will need to make a new application (possibly at a different exercise price) once an application is closed. |
|
6. |
Once payment received, we will convert your Options to AGMAC common shares. |
|
|
|
Options Frequently Asked Questions: |
|
1. |
What is an Option?
An Option in AGMAC is a result of Convertible Preferred Shares (CPS) – GOLD conversion. Each 1000 CPS-GOLD is been converted to become 1 AGMAC share plus 1,000 Options. |
|
2. |
How can a shareholder exercise his/her Option?
By paying 50% of price difference between current AGMAC NAV per share minus USD1.70 (closing price for CPS-GOLD)
For example:
|
AGMAC NAV per share value = USD3.86 |
|
You want to exercise 1,000 Options. |
|
You need to pay |
= 1,000 x 50% (USD3.86 – USD1.70) |
|
|
= 1,000 x 50% (USD2.16) |
|
|
= 1,000 x USD1.08 |
|
|
= USD1,080 |
|
|
3. |
Are Options and shares freely transferable among shareholders?
Yes, there is a window of 5-7 working days before the administrator will approve your request pending any objection. |
|
4. |
Can I exercise partial of my allocated Options?
Yes, minimum Option conversion is 1000 units. |
|
5. |
What will happen if I did not exercise all or part of my Options by the time AGMAC is listed?
A final decision has yet been made. Options may be extended post-listing or Options holders may be qualified for “Voluntary Asset Distribution” for non-listed asset of the company by the time AGMAC is listed. |
|
6. |
Can Options and/or Share be sold to a 3rd party?
No, AGMAC is a Closed-End fund; therefore Shares and Options cannot be sold to any 3rd party but can be transferred to another shareholder. |
|
7. |
When can I start to exercise my Options?
Options may be converted by shareholders to common AGMAC shares effective January 2013. |
https://secure.asiagoldmining.com
Visit www.vgmc.com now for FREE register (referral ID: 047092221312), A way for you to get financial freedom.
Action Now!
