Ann: Listed Options Exercise Fully Underwritten, page-5

it’s a positive announcement basically saying regardless, ATU options will be converted to full shares with the proceeds, 20c per option will go to atrum.

netting to company 20m.

if options expire out of the money, then they disappear, if however they are converted, they are added to the register as fully paid shares.

this is showing confidence that the shares should be 20c plus by the time of expiration.

if we hold at 30c then argonaut make 50%.

it ensures options don’t go to waste. These are already on the register, the option holders as the announcement states, still have the ability to convert them to fully paid shares by paying ATU 20c......