No it may create a capital gain depending on The tax ruling which will split the cost base of your FFX purchase price.
the tax ruling might say according to FFX a split of 35% FFX and 65% LEO.
so if you purchased 100,000 FFX shares at 95 cents = $95,000, this cost base may be split as
FFX - $33,250 (35%)
LEO- $61,750 (65%)
PLEASE NOTE FFX is still waiting for Written confirmation from the ATO