They're 1 for 2 options... not to mention the exercise price is higher than what they'd pay for the shares now on-market anyway. Not too bad if you ask me, then again I haven't plugged or know the value of the 'option' itself given you don't have to exercise, and how much that is worth.. but given they'll still have to pay 17.5 c to exercise them (money to the company) it isn't too bad.
Since the share placement isn't too bad I may try and jump onboard the ship for the first time (if someone sells out) :)
Ann: Additional Working Capital , page-5
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