Mutiny issues options to shareholders on one for two basis

South Perth-based gold explorer Mutiny Gold Ltd has issued a prospectus for options to existing shareholders, to be distributed on a basis of one for every two shares held.

The company does not aim to raise capital from the offer, which was forshadowed in a supplementary prospectus issued in June this year.

The options will be issued free, and will be exerciseable at 20c each on or before September 30 2008.

The deal is not underwritten, and oversubscriptions will not be accepted.

Notice of the issue was dispatched to shareholders yesterday, with the record date for determining entitlements being November 9.