If you buy the the rights I think your broker will include the application price of 1.6 cents per share and then apply for the new shares on your behalf. If you bought the rights at the lowest price of 0.1 cents you would in effect be paying 1.7 cents per new share and getting a free option for every two shares. Considering the option exercise price is 3.5 cents the shares would have to double in price before the options were in the money, so not a terribly attractive proposition imo.
G88 Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held
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