Hi all,As you may have seen, CPS have been appointed for the...

Hi all,

As you may have seen, CPS have been appointed for the upcoming Capital Raise.

The following has been noted in the upcoming placement:
--> Raise $2.5-4m at 0.075 per share, together with a one for two attaching 2 year 15c option.
--> Offer existing holders a loyalty option on the same terms as the placement option.

Can someone please explain what a stock loyalty option is, and options in general... Does this mean that existing holders can participate in the CR, but if they decide not to, they will receive 1 option per 2 shares currently held, that can be purchased for 15c in the future? (prior to expiry)

I haven't dealt with options before so would appreciate a dumbed down response to explain what is on offer

Cheers