Can you someone please explain to a share market dummy such as...

Can you someone please explain to a share market dummy such as myself what the CPHO is all about ? Ok I trade using Westpac as my platform and I now have been issued with 1 option for every 3 shares I hold.. So if for example I buy 600 CPH shares tomorrow will I get another 200 options ? I also have no comprehension of what is happening with the options, they are being bought and sold and the price ended up at $ 0.024 today.

All of the Bonus Options offered under this Prospectus will be issued with an
exercise price of $0.25 and an expiry date of 3 years from the date of issue.

I have no idea what the above paragraph means ?

Thanks in advance.