That extra 7.28m converted "safe" options will probably hit the market after the PFS is announced. I think one of the bigger contributors to the cap raise is preparing for a sharp rise in the SP due to the PFS release.
Also the 3Y announcement needs to be redone as it stuffs up the options in NBs holding and changing.
They both kept a bit of extra cash from the sale of shares, but that is OK as there will be extra tax liabilities because of cashing in some shares to convert the options.
Ann: Appendix 3Y x 2, page-15
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