MGT 1.64% 30.0¢ magnetite mines limited.

Ann: Rights Issue to Raise $5.65M, Underwritten to $4M, page-60

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    Franciscus and SCPS2...

    The “free” option will be trading as a different code, and can be bought and sold at whatever it’s worth from now until 29 Oct 2021. However, the owner of this “free” option can convert this to a normal share at 5c prior to 29 Oct 2021. So if MGT’s share price is worth 10c on the 29 Oct 2021, then you get a 10c share for 5c. However, if the MGT share price is worth 1c on the 29 Oct 2021, then no one is silly enough enough to pay 5c for a 1c share.
 
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