PSL 11.8% 1.9¢ paterson resources ltd

Ann: Prospectus, page-63

  1. 416 Posts.
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    Amiga the options when granted will have a minimum value when they list of .001.
    You can trade them if you wish but you have approximately 3 years to exercise them (convert) them into fully paid ordinary shares by paying .007 per option to the company. You would only do this if the SP is greater than the option conversion price plus the cost of the option itself (in this case free).
    Hope this helps.
 
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