TAO 0.00% 7.3¢ tao commodities ltd

Ann: Proposed Loyalty Entitlements Issue of Options, page-16

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  1. 79 Posts.
    "Each Option will be exercisable for one fully paid ordinary share, at 20 cents (20c) per Option, on or before 1st September 2020"

    can someone explain what this means?
 
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