NewTolts Options Post, page-24

88EO can't be converted by Bpay, when you purchase you will receive an application to exercise options form from Computershare (88E share registry).
It is one page long, fill in number of options to exercise add your CHESS/SRN/HIN and mail off with a cheque. Allow 5 business days for options to be converted (maybe more with Australia post these days).

@trola04 you will never "have to" convert to heads, but they will expire and be worth less than the paper they are on if you don't exercise or sell them before March 2018. The price to exercise is fixed at 2c per option.

Remember, options do not come with a right to vote, or be a part of any share issue to head holders the company will give you 9 days notice to convert to heads if they plan on issuing shares to heads holders and you wish to participate