PEN 13.0% 10.0¢ peninsula energy limited

1am reading...I am confused..."Each share has one (1) free...

  1. 9,188 Posts.
    1am reading...I am confused...

    "Each share has one (1) free attaching listed (PENOA) option exercisable at 3 cents on or before 30 June 2012 for every four (4) new shares issued pursuant to the Placement."


    "EACH SHARE"?...each single share?...so 1-for-1????


    "for every 4 new shares"...so 1-for-4?...


    I am confused. lol

    Need to seek confirmation
 
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