Hi all,
As you may have seen, CPS have been appointed for the upcoming Capital Raise.
The following has been noted in the upcoming placement:
--> Raise $2.5-4m at 0.075 per share, together with a one for two attaching 2 year 15c option.
--> Offer existing holders a loyalty option on the same terms as the placement option.
Can someone please explain what a stock loyalty option is, and options in general... Does this mean that existing holders can participate in the CR, but if they decide not to, they will receive 1 option per 2 shares currently held, that can be purchased for 15c in the future? (prior to expiry)
I haven't dealt with options before so would appreciate a dumbed down response to explain what is on offer
Cheers
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