MLM 0.00% 3.4¢ metallica minerals limited

Ann: Closure of Rights Issue, page-8

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  1. 4,751 Posts.
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    Can someone please explain this paragraph to me.

    Since the announcement of the Rights Issue, 6,647,629 options expiring 30 June 2017 (representing 23% of the options) have been exercised resulting in the receipt of a further $299,143.

    Does this mean on the 30th of June these will be excised as ordinary shares. Cheers.
 
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