Forgive my naivety regarding options, but how does the exercise price of the options play into the actual cost of the options to the people holding?
For tranche 1 with cost per unit at 14.7c is the exercise price of 4c considered in addition to this so that the exercised option actually costs 18.7c?
Any clarity from those more experienced would be much appreciated.
Ann: Successful Capital Raise, page-286
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