Zonker
Look like if this merge goes ahead they will a new exercise date of 20th May 2016
ASX announcement 24th Dec 2014
IronClad Mining Limited to Merge with Trafford Resources Limited
"There are 25,700,963 quoted Trafford options that expire on the 20th May 2015 at an exercise price of $0.20c. (TRFO). Under the scheme, IronClad intends to offer holders of these options one new IronClad listed option for each one listed Trafford option owned. The new exercise date will be 20th May 2016 and the exercise price will remain at $0.20c "