IHL 0.00% 4.1¢ incannex healthcare limited

Can anyone further explain to me the expiry date of the Loyalty...

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    Can anyone further explain to me the expiry date of the Loyalty Options of 30 April 2026?
    We need to exercise these LO's ( if we choose to buy) and then exercise these LO's by paying 0.25 per share for them to be then released into ASX in IHL shares? Is this correct?
 
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