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The offer is this...


Within 3 months of listing (so by June 9) shareholders who are registered as such on the books of Lincoln Minerals at a given day in that 3 month period will be eligible to received the 1 for 2 option offer.

That means you would received 5000 options for no cost.


The option allows you to buy another 5000 LML shares at 30c between being issued the options and the expiry date of the options.

If they list the options on the ASX you can choose to sell the options also, and generally they would have some value above the difference between LML shares and the 30c to be paid (time value for the option)


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