Renewable Fuels issues options for Macquarie advice

South Perth-based Australian Renewable Fuels Ltd will issue 25.8 million, 5 year options at a strike price of 19 cents to Macquarie Bank Ltd in return for its advice in relation to business development and financing and operational strategies.

The full text of a company announcement is pasted below

Australian Renewable Fuels Limited ("ARF" - ASX Code ARW) seeks to inform the market and its investors that it has engaged Macquarie Bank Limited ("Macquarie") to provide advice in relation to business development and financing and operational strategies.

ARF has agreed to issue Macquarie 25.8 million, 5 year options at a strike price of $0.19 (being current market price), for its services. ARF believes that Macquarie's advice and assistance will be invaluable in developing strategies for the ongoing sustainability and success of the business.