There is an entitlement of 1 in 27 specie distribution. Yes it's free
According to the company there will be a letter sent out from Computershare with your holdings. If you want to find out more ring Computershare. Lodestar is to be listed on the ASX so there is no Chess account just yet.
The two lots of 25m shares are mutually exclusive issues.
Cheers
BW