Ann: Cancellation of Unlisted Options, page-9

Dont know the details as to why the options were cancelled (be it to reset the strike price, or to get the volume of options into the same stratosphere as the directors recent allocation or something else) but what it does suggest imo is that a capital raise discussion has been had recently between the two parties. What else would have triggered a discussion around the cancellation of these options?
The date on the footer of the announcement suggests it was drafted on the 17/10 so was sat on for a week before announcing. So you would assume the discussion around cancelling the options was held prior to the 17/10. That means at least 2 weeks have now passed since the option discussion would have taken place, with a sharp increase on the SP on no news, and a speeding ticket issued, this all says to me capital raise is imminent, probably aiming for 10c or higher. If they are planning to raise for a BFS which would seem logical then the number will need to be around $5M. Dyor.