KAB 0.00% 0.1¢ kaboko mining limited

re: Ann: Underwritten Entitlement Issue and A... Former Option...

  1. 1,237 Posts.
    re: Ann: Underwritten Entitlement Issue and A... Former Option holders ($0.03, 30 June 2013), will be entitled to participate in a priority Shortfall allocation to acquire 1 New Option for every 1 Expired Options held as at 30 June 2013. The Company will ensure that former option holders have the ability to receive New Options on the 1 for 1 basis set out above.

    Can someone explain what it means?? so they extend the life of kabo or kabo holders still has to pay 0.1 cent for each option?
 
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Currently unlisted public company.

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