following the conversion of options

Hi guys,

I open this topic dedicated to the conversion of BSM options in order to follow how much cash is entering BSM treasury.

As a reminder, the company had 2.61 Million$ of cash as of 31 march 2018, (with an average cash burn of 1.5 Million$ per quarter) and as of today (17/04/2018) the company has :

• 675,212,621 listed options exercisable @ 0.025$ and expiring 31 december 2018.
• 7,850,000 unlisted options exercisable @0.010$ and expriing 31 december 2018.
• 5,054,220 unlisted options exerrcisable @0.015$ and expiring 31 december 2018.

If all listed and unlisted options get exercised this would translate to a total of 17 Million$ of additional cash in 2018, providing the company with a comfortable buffer of working capital for its operations at graphmada graphite mine (awaiting achievement of cash flow positive status by end of 2018), and allowing it to finance stage2 expansion studies, to define more graphite resources, to drill the lithium deposit, and more importantly to avoid a cap raise and further dilution of the register during 2018.

02/02/18
6,000,000 unlisted options were exercised at 0.015$ for 90,000$ of cash.

23/03/18
11,500 options exercised @ 0.025$ for 288$ of cash.

17/04/18
25,480,000 unlisted options exercised at $0.01 for 254,800$ of cash.
3,176,000 listed options exercised at $0.025 for 79,400$ of cash.