CXU cauldron energy limited

Ann: Commitments Received for $1.60 million Placement, page-26

  1. 1,491 Posts.
    lightbulb Created with Sketch. 33
    Interesting to see that they isssued option not to be quoted on a 1 for 2 basis.

    UNLISTED OPTION EXERCISABLE AT $0.05 ON OR BEFORE 30 NOVEMBER 2020

    Why are there 43,354,839 options issued when only 54,709,677 shares are going to be issued?
    Also interesting is the term - 1 month. So I assume that it is expected that the shares will trade in a 7 to 10 range by the end of the term.

    W2
 
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