Ann: Trading Halt, page-9

I think you'll find they will pick up any of the unexercised options and pay 1 cent to convert them to a fully paid share . I think currently we
have 25o million options to be exercised before May 16 . The underwriter would have to stump up approx 2.5 mill dollars for the options if option holders chose not to exercise them , unlikely but no doubt they'll pick up a few from busy , uninformed option holders . Good outcome for the company is the company is guaranteed receiving these funds (negating the need for a raisining ) replenishing the bank enabling further exploration and we go on to prove up 1 mill oz in quick time at a good grade .
Fingers crossed