Ann: Annual Financial Statements - 30 June 2020, page-2

Hi everyone,

Please, I would be very grateful if someone could explain this to me:
What actually is happening here, and what are the impacts on it's expiring dates?
I understand that options are like contracts, so they have for example 130,000,000 shares under Option from Dec 2019 until Dec 2020,
Issue price of shares is $0.005, in this case it will expire in Dec 2020. If the share price drops to $0.004 and it expires, the 130,000,000 will be converted to $0.004 cents each, giving a loss of $520,000?

God damn, I struggle to understand this stuff.

Thank you very much.


Shares under Option
At the date of this report, the unissued ordinary shares of Alligator Energy Limited under option are as
follows: Grant date Number under option Expiry date Issue price of shares

	Grant Date	Number under option	Expiry date	Issue price of shares
1	4 May 2018	4,250,000	2 May 2021	Zero Strike Priced
2	19 July 2019	13,750,000	19 July 2022	Zero Strike Priced
3	4 Dec 2019	130,000,000	4 Dec 2020	$0.005

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$0.005