Announcement 30 June 2018...

Announcement 30 June 2018
https://www.kingrivercopper.com.au/investor/announcements/june-30-2018-options-underwriting.html

To the extent that there is insufficient shortfall from the exercise of the options, then the
underwriters will subscribe for shares at 10 cents per share by way of top-up to satisfy the
underwriting commitment. Any top-up placement shares will be issued within our existing
capacity under LR7.1.

My understanding is that if there is less than 60,000,000 options available to the underwriters then as stated above  in the announcement "will subscribe for shares at 10 cents per share by way of top-up to satisfy the underwriting commitment. Any top-up placement shares will be issued within our existing capacity under LR7.1. Also in the announcement it states"

"The underwriters will participate in any shortfall pro-rata to their commitment and will, to the extent necessary, subscribe for top-up shares to satisfy their commitment."