The terms of the Options are as follows:
1. Each Option entitles the holder to one Share.
2. The Options are exercisable at any time prior to 5.00 pm Western Standard Time on 30 June 2011 ("Expiry Date").
3. The exercise price of the Options is 20 cents per Option.
4. The Options are freely transferable.
5. The Company will provide to each Option holder a notice that is to be completed when exercising the Options ("Notice of Exercise"). The Options may be exercised wholly or in part by completing the Notice of Exercise and delivering it together with payment to the secretary of the Company to be received any time prior to the Expiry Date. The Company will process all relevant documents
received at the end of every calendar month.
6. Upon the exercise of an Option and receipt of all relevant documents and payment, the holder in accordance with paragraph 5 will be allotted and issued a Share
ranking pari passu with the then issued Shares.
Basically call the company and get the forms sent out, or wait and they will be sent to you much closer to June. Look at recent 3B. Many holders are converting early.
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