CLIO Cape Lambert

    RNS Number : 3544F
  Cape Lambert Iron Ore Limited
  08 October 2008
   


    8 October 2008
    CAPE LAMBERT IRON ORE LIMITED
    ("the Company") (ASX: CFE, AIM: CLIO)

    Listed Option Expiry
    The Company would like to advise that ASX-listed options in the Company (ASX:CFEO) exercisable at 27.7 cents on or before 31 October
2008, will expire 5:00pm (Western Australian Daylight Saving Time) on 31 October 2008.
    The attached letter is an example of the notification that will be received by all registered Optionholders shortly.
    In accordance with the ASX Listing Rules, the Company provides the following details:
 Option exercise price                                         $0.277
 Last day of Trading in Listed Options                         24 October 2008
 Market Price of Shares (ASX:CFE) (close price, 6 Oct 08)      $0.41
 In the 3 Months preceding this notice the Highest Market      $0.92
 Price for Shares (ASX:CFE) (intra-day price, 21 July 08)
 In the 3 Months preceding this notice the Lowest Market       $0.33
 Price for Shares (ASX:CFE) (intra-day price, 30 Sept 08)

    Options not exercised by 5pm (WDST) on 31 October 2008 will expire.
    FOR MORE INFORMATION PLEASE CONTACT: 
    Cape Lambert Iron Ore Limited: 
    Tim Turner +61 (0)8 9380 9555 

    UK Enquiries: 
    Nominated Adviser: 
    Grant Thornton UK LLP 
    Fiona Owen +44 (0)20 7383 5100 


    Website: www.capelam.com.au 

    7 October 2008

    [Optionholder name]                                                                       Computershare Investor Services
    [Optionholder Address]                                                                   [Holder No.]
                                                                                                            [No. options held]
                                                                                                            [Shares to be allocated]
                                                                                                            [Amount payable]

    Dear [Optionholder]

    Listed OPTION EXPIRY

    Notice is hereby given that the final date for exercising the Company's 27.7 cents, 31 October 2008 listed options (ASX:CFEO) is 5:00pm
(Western Australian Daylight Saving Time) on 31 October 2008. The exercise price is 27.7 cents per option. Optionholders will be issued with
one new fully paid ordinary share in Cape Lambert Iron Ore Limited for each option exercised.

    Options not exercised by 5:00pm (WDST) 31 October 2008 will expire. Quotation of the options will cease at the close of trading on
Friday 24 October 2008. Failure to exercise the Option will result in the forfeiture of any rights that the Optionholder may have in
relation to the Ordinary shares.
    To convert your Options to Ordinary Shares (Exercise of Options) please complete the option exercise form attached and forward with your
payment to:
    Postal address:
    Computershare Investor Services
GPO Box D182 
Perth WA 6840
    Street address:
    Computershare Investor Services
Level 2, 45 St Georges Terrace 
Perth WA 6000
    Cheques should be made payable to Cape Lambert Iron Ore Limited. Receipt for payment will not be forwarded.
    During the three months preceding the date of this notice the highest sale price and the lowest sale price of Ordinary Shares in Cape
Lambert Iron Ore Limited was $0.92 on 21 July 2008 and $0.33 on 30 September 2008 respectively. The latest available market sale price on
the Australian Securities Exchange Ltd before the date of this notice was $0.41 on 6 October 2008.
    If you wish to clarify any taxation consequences relating to the exercise of options, please consult your solicitor, accountant or
professional adviser.

    Yours faithfully
    Cape Lambert Iron Ore LTD


    Timothy Turner
    Company Secretary

This information is provided by RNS
The company news service from the London Stock Exchange
 
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