from these two paragraphs below am I right in assuming that all the options were taken up, the underwiter missed out but obvious wanted in one way or another.
On 11 September 2015 the Company announced the offer of a pro-rata non-renounceable priority
entitlement issue of up to 78,973,425 new
options, on the basis of 1 new option for every 1 expired option held by qualifying option holders at an issue price of 0.2 cents per new option, to raise up to approximately $157,947 (“Priority Offer”). The Priority Offer was approved by Shareholders at the general meeting held on 19 October 2015 and subsequently closed on 21 October 2015.
Subsequent to the end of the quarter, the Company has today entered into an agreement with the underwriter of the aforementioned Priority Offer for the issue of a secured, interest-free
convertible note with a
face value of $185,000. The
Convertible Note is convertible at the election of the noteholder at any time during the 12 month term with the conversion price being the lower of 1.5c or the issue price of the Company’s next
capital raising, together with one free- attaching option (being the new stream of recently issued priority offer options) for every share issued upon conversion.
http://www.mantlemining.com/wp-cont...M-ASX-Release-Quarterly-Activities-Report.pdf
