LMP l&m petroleum limited

LMP in their prospectus state that they will be issuing 2:1...

  1. 5,630 Posts.
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    LMP in their prospectus state that they will be issuing 2:1 bonus oppies at no cost 3 months after listing - very good deal !!

    "All shareholders who hold Shares on the Record Date will be issued, for no additional consideration, one Bonus Option for every two Shares that the shareholder owns. The optionholder is entitled on payment of $0.25 per share (“the exercise price”) to be allotted one ordinary fully paid share for each Bonus Option exercised. The expiry date for exercise of Bonus Options will be the date that is 18 months after the Record Date. "
 
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Currently unlisted public company.

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