LRS 5.26% 20.0¢ latin resources limited

LRSOB, page-12

  1. 101 Posts.
    Newbie question, if I, let say, exercise the option when head is 1.5 c, would the options be sold at 1.0c? Then I get automatically 0.5c profit per share?
    Or would it be exercised and converted into, pretend I bought 1M LRSOB at 0.5c, 1M LRS share and remain/appear in my account (not sold)? And from here I further hold or trade.

    Thanks
 
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