Ann: Successful Placement Raises $2.5M for Wodger & Key Projects, page-18

On a closer reading of the options section squire I now see '0.4' as per:

0.4 Tranche 1 Placement Options for each Placement Share, exercisable at 8 cents at any time on or before 20 September 2017 to acquire 1 fully paid ordinary share in the Company; and
0.4 Tranche 2 Placement Options for each Placement Share, exercisable at 12 cents at any time on or before 20 June 2018 to acquire 1 fully paid ordinary share in the Company.

So, that is a decimal point = 2/5 = 2 T1 options for each 5 shares and 4 T2 options for each 5 shares held.

If all are to exercised, then:

T1 would raise 36m x 40% x $.o8 = $1,152,000 (20 Sep 2017)

T2 would raise 36m x 80% x $.12 = $3,456,000 (20 June 2018)

These amounts would be in addition to money raised in the loyalty options. The entitlement to acquire loyalty options will be determined by who and what is held as at next Tuesday, 16 May.

Question: Will these new shares be eligible for the loyalty options too? - if issued by 16/5 of course.

If not included, then the ord shareholders, if all participated and exercised, would tip in, based on 317.764m shares $2.542m for T1 20/9/17 and $3.813m for T2 20/6/18.

Total red = $3.694m

Total blue = $7.269m