Hi @gsmaree,
the 52mil options are already issued and showing in the 3B's but they are spread across two seperate issues.
There was a 3B on the 27th of July which shows 38.7mil A options for 6.2c. These were 'payable' at the start when Tranche 1 was drawn down.
When Tranche 3 was drawn down on the 15th of Sept, you will find the other 13.3mil options for 11.7c.
These ones are a bit harder to recognise at first because they are initially shown as 16.6mil. Its only when you look a bit closer you find that 13.3mil are for the CN, and 3.3mil are for 'professional services'. (These are the corporate adviser options which I excluded from my summary above)
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