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Cruiser dog - READ MY POST properly!!!!!
As this letter is only to unlisted optionholders (employees?) this is just by way of a market heads up, giving us the date early...

Unlisted optionholders will currently most likely be Directors of CVI - but this is a great market heads up to us all, as the actual prospectus will probably be released on Monday.......

SHAREHOLDERS buy the options at 4c - 1 option for every 5 shares held and you have 2 years to exercise them....(or trade them)