Ann: Exercise of Options / Appendix 3B, page-4

Pre agreed conversion price till Dec 2015.

Would look real cheap if they waited and SP was over 0.10 and then converted at 0.05.

I think all good too.

No CR to market but just conversion of existing opts to top up coffers leading into the results / next phase imo.

Someone comfortable enough with progress to tip in the extra $ for next level and I'm comfy that the raising of funds all along seems to be well controlled and not overzealous grabbing for whatever the mkt will give.

Just imo