"* Employee Options, as at-risk remuneration paid to Murray Booker (or nominee) under the LPI Option Plan approved by shareholders on 28 November 2016; and
* $0.60 Options and $0.80 Options, as consideration paid to Canaccord Genuity (Australia) Limited for services to be provided."
Murray Booker and Canaccord Genuity are being paid in options rather than cash for their services. A good thing.
Regarding the Murray Booker options. Looking at the 25 November 2016 announcement, "Results of SPP and Institutional Placement", released prior the 28 November 2016 announcement, "Results of Meeting", these options have an exercise price of 55c.
The options are intended to give them an incentive to work hard in order to increase the share price above the options exercise price. Another good thing.
If the options are exercised, it will bring more cash into the company coffers without having to do a capital raise. Yet another good thing.
LPI Price at posting:
39.5¢ Sentiment: Buy Disclosure: Held
