15 million options issued at a cost of 0.001 cents (A$0.00001) per share. THe options are basically free, yes there is a cost to exercise at the time but because they got the options for free there is no need to hold the stock issued in the capital raise, just keep the options.
Ann: Application for quotation of securities - PIL, page-7
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| No. | Vol. | Price($) |
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