If you participated in the CR you received 2 free attaching options for every 3 new shares you purchased..
1 set of options has a strike price of 9c (pay the company 9c per option to convert into a fully paid ordinary share you can trade on market) that expire 30 July 2021 (you need to convert the option before this date if you want to)
1 set of options has a strike price of 20c that expire 31 October 2023
Here’s the example:
Investor participates in CR and buys 1m shares and receives 666,666 free options. Of those options, 333,333 have a 9c strike and 333,333 has a 20c strike..
So let’s say for example purposes on 1st July 2021 the share price is $1, investor decides to sell their 1m shares on market to cash in $1m dollars, and wants to convert their 9c strike options to sell on market..
So investor needs to pay the company through the options conversion process $0.09x333,333 or $29,997.97 to convert 333,333 options to fully paid ordinary shares..
Investor then sells 333,333 shares for $333,333 on market..
The other way, let’s say on July 30 2021 the share price is 8c, then investor pays the company nothing and those options expire, they never convert and 333,333 potential shares vanishes into thin air..
You should be able to do the sums with your allocation, I hope this has helped you
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