For every 3 shares you own on the 18th March, you will be receive 1 FREE OPTION to convert into a share at a point in the future. These options will expire if not taken up by 22 April 2023 You can convert these options by paying $0.25c for each one you own at any time until the expiry. These options have the possibility of being valued at a much greater value than 0.25c in a years time, you will still only pay 0.25c
This is a method whereby the company rewards shareholders in the future, all going well. It is also a way that the company indirectly capital raises throughout the year. People will redeem the options when they are in the money, so a share price exceeding 0.25c You have essentially one year to exercise the option +-
These options are great, they carry good possibility of making you money without you having to put your money down upfront. Once you own them, you just wait and watch. RED
