Sorry ‘Paddywack’, it’s not one cent. “0.1 cents” = 1/10th of one cent. I.e. if you had 200,000 (eligible) fully paid shares, then you will have the right to buy one option for every 5 shares. i.e. the right to buy 40,000 options. At 1/10th cent ($0.001), you can buy all those 40,000 options for $40.00
“On behalf of the Board, it is my pleasure to introduce the primary purpose of this Prospectus to offer all Eligible Shareholders a pro-rata non-renounceable issue of 1 Option at an application price of 0.1 cents
and an exercise price payable of 6.3 cents expiring 8 March 2025”
So if you exercise those options on 8 march 2025, then the fully converted option to fully paid share will cost you 6.4 cents.
IVR Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
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