this isnt my area of expertise....
my understanding is
you get 1 share for every 12 shares you currently own which can be purchased at 90 cents
12000 shares you get another 1000 shares
for every 2 shares you take up under the entitlement you get the option of getting another share at $1.20
going by the above example you have an extra 500 options at $1.20
how close did i get?
Ann: 1 for 12 CDI Entitlement Offer with free attaching Options, page-6
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