Ann: Rights Issue to Raise $5.65M, Underwritten to $4M, page-43

To those that don’t understand what that attaching “free” option is for every 2 newly subscribed shares at 1c each... the “free” option is worth money, although you don’t physically own the share until you pay 5c for it in the future. It is worth money because you have the right to purchase the share.

basically:

own 8 shares, buy 2 shares and get 1 free share at a future price (with the option to sell it straight away at whatever the market thinks it’s worth; noting that whoever that buys this option can buy the share at 5c).