Taiton Resource (T88) IPO, page-2

Shareholders who have existing shares in SYS (now T88) have priority shares on offer and free attaching options.

One free option for every 2 existing shares held and can apply for extra options with 3,145,806 options up for grabs. The options are exercisable at $0.25 and 4 year life. Not bad. The best part is the options are cashless exercise which means I don't need to pay cash to convert into shares. Management are excuded so even better. DYOR.