ALK 3.00% 48.5¢ alkane resources limited

question re option provisional 3b, page-2

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    I don't quite understand why they bothered issuing this notice as you are quite right saying that no one should be exercising at 35c.
    The announcement mentions the issue price of the shares being 20c but I cannot find any reference to an exercise price of 20c. Where is that in the announcement?
 
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