In September 2017 every shareholder was given one free option for each 5 shares they held at no cost entitling them to exercise the options by paying $2.00 in exchange for a share to be issued on payment before end of June 2019 - see announcements at
Page 13 of the main document tells you how you may exercise the options.
These options are tradeable - ie is you can sell them on-market if there are any buyers. At present they are trading at around 1.2 cents per option.
Since the options will expire at the end of this month, and the current share price is still 25 cents below the exercise price, its highly probable that they will not trade for much. It is up to you if you want to sell them.
It is only worthwhile exercising the options if the share price is trading above $2.00 which would give you an immediate gain, so long as the share price did not subsequently fall below the exercise price. However, if you believe the share price is going to go higher and want more shares, why pay $2,00 to the company when you can currently buy the shares for substantially less on market?
I was not a shareholder when the bonus options announcement was made and I hold no options.
loki
WGX Price at posting:
$1.75 Sentiment: None Disclosure: Held
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