Ann: Expiry of Options and Issue of Shares, page-2

This is a bit odd to me.  The directors would not pay for the 25 cent options.  I guess I was correct 'wondering' if they had the cash in their pockets.  So instead of the options, GNX has just done a placement.  To whom?

At least that takes away any pressure from a director exercising options then needing to sell to pay for them.  I would guess this twist of events would be positive for the share price.  And the price really has been 'steady' around 27 cents, I think with the market 'wondering' what would happen.

Mind you, I dont like that GNX needs cash for working capital.  But I guess this whole process moves like a glacier.