Thanks cara.Pro rata will be to all shareholders including those...

Thanks cara.Pro rata will be to all shareholders including those who did not participate in the SPP."The Terms of this distribution are expected
to be announced to the Market not later than January 5, 2021." It looks like MAY didn't want to see their interest further diluted
by options being exercised.With the original proposed options being so far out of the money MAY must have a bullish outlook for MEL.

From the announcement of November 6.
"Resolution 6 approves the issue of options to those shareholders and investors who participated in the Company’s recent
Placement and Shareholder Purchase Plan (SPP). This capital raising, the first undertaken by Metgasco for several years,
was very strongly supported. Shareholder approval of the issue of attaching options to participants in both the Placement
and SPP is required due to issuance capacity limitations and the Board of Directors is unanimous in recommending
shareholders support this resolution. In the event the resolution were to not be passed, the Board has given consideration
to a possible future pro-rata issue of options to all shareholders in lieu"