Ann: New Vanadium Pipes Discovered at SPD Project, page-29

Here from the prospectus:
Lead manager
Xcel Capital Pty Ltd (Lead Manager) has been appointed as Lead Manager to the Offer. The Company
has appointed the Lead Manager to place any shortfall of Options offered to Shareholders. In
consideration for its appointment, the Lead Manager (or its nominees) will receive:
(a) a management fee of $25,000; and
(b) 4,500,000 Options on the same terms as offered to Shareholders under the Offer,
including an issue price of $0.01 per Option.

So I take it that Xcel paid 1c too?