Page 119 - Sundance Resources Ltd Annual Report 2013

SUNDANCE RESOURCES LIMITED ANNUAL REPORT 2013 117
NOTES TO THE
FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 30 JUNE 2013
The following reconciles the outstanding share options at the beginning and end of the financial year
2013 2012
Number of
Options
Weighted
Average
Exercise Price
Number of
Options
Weighted
Average
Exercise Price
Outstanding at the beginning of the year 30,986,866 $0.31 86,577,666 $0.25
Granted - - - -
Forfeited (8,265,119) $0.34 (10,528,300) $0.34
Exercised (5,069,200) $0.23 (45,062,500) $0.21
Outstanding at year-end 17,652,547 $0.32 30,986,866 $0.31
Exercisable at year-end 4,652,547 $0.25 25,372,866 $0.32
Exercised during the financial year
There were 5,069,200 options exercised during the year ended 30 June 2013. These options had a weighted
average share price of $0.23 at exercise date.
Option series
Number
exercised Exercise date
Share price at
exercise date
$
2013
(27) Issued 10 February 2010 301,500 18/01/2013 0.35
(29) Issued 10 February 2010 670,000 18/01/2013 0.35
(31) Issued 10 February 2010 150,000 18/01/2013 0.35
(49) Options Issued 24 May 2011 301,200 30/01/2013 0.34
(28) Issued 10 February 2010 1,340,000 30/01/2013 0.34
(27) Issued 10 February 2010 1,306,500 30/01/2013 0.34
(32) Issued 10 February 2010 1,000,000 30/01/2013 0.34
Balance at end of financial year
The options outstanding at 30 June 2013 had a weighted average exercise price of $0.32 (2012: $0.31) and a
weighted average remaining contractual life of 0.54 years (2012: 1.05 years). Exercise prices range from $0.225
to $0.40 in respect of options outstanding at 30 June 2013.
Note 25. SHARE BASED PAYMENTS (continued)
Note 26. EVENTS AFTER BALANCE SHEET
Since the end of the financial year, Sundance has progressed negotiations in relation to securing further
working capital (refer note 2) and agreed payment terms in relation to aspects of the Cameroon Convention.
No other matters or circumstances have arisen since the end of the financial year which significantly affected or
may significantly affect the operations of the Company, the results of those operations, or the state of affairs of
the Company in future financial years.