IMO the options will be issued for zero consideration, i.e. they are FREE.
The value of the gift is $1.05 / 20 = 5 cents per share currently held.
Looks like the options will be unlisted.
Ann: Trading Halt, page-84
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| 4 | 15599 | $1.55 |
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| $1.59 | 2000 | 1 |
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