"The Company also intends to make a separate capital raising...

"The Company also intends to make a separate capital raising offer to existing shareholders, in an amount yet to be determined. Antipa will issue one (1) free-attaching unlisted option (Option) for every two (2) new Shares subscribed for and issued pursuant to the Placement. The Options will be exercisable at $0.02 with an expiry date two years from the date of issue."

For clarity in my simple mind, is someone able to explain the options part here??? Does it mean if the holder wishes to pay up the 2c to convert the option to a share they can do within 2 years of issue, but if not, that's fine too? ... If say one did want to convert, how does one does so if the option is not listed? (... I'm presuming you contact the company and pay up the amount and those options then become listed shares in your name???)

Thanks to any responders ...