ARL 5.21% 50.5¢ ardea resources limited

You mentioned warrants, I guess you should know how this loyalty...

  1. 34,332 Posts.
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    You mentioned warrants, I guess you should know how this loyalty options work.

    For example,
    You are holding 30,000 ARL shares on the record date, and 5 day VWAP $1 prior the record date.

    You will receive 10,000 options (exercise price $1.25 expires in 12 months) for free under 1:3 loyalty option scheme.
    The free loyalty options are likely to be listed as ARLO, which can be freely traded as the head, ARL.
 
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