Ann: LKE Bonus Issue to Shareholders, page-256

You won't need to worry about that at all dugsab. You have to actually hold to be issued with free 35c options.......and you don't hold!

For those that do hold, there will only be a maximum of 10% added to the SOI with these free 35c options being issued. They are well in the money and, any selling pressure that does cause any pullback is expected to be short term IMO. The additional 75c options earned for every 35c option exercised will add another 10% to the SOI but these will be tradable leading up to Jun-22 and, if the last few weeks is anything to go by, they will be well in the money as well. A strong continuation of rising Lithium prices, more boxes being ticked by LKE, increasing project capacity, DFS, offtake agreements, etc. will all serve to more than offset the dilution associated with these bonus options being offered.
The increase in the SOI is not as bad as some are making it out to be.