Rights Issue is being made to Eligible Shareholders on the basis...

Rights Issue is being made to Eligible Shareholders on the basis of five (5) New Shares for every six (6) shares held by Eligible Shareholders registered at 5pm (Sydney) Monday, 30 April 2018 (the “Record Date”). Each New Share has an offer price of 0.4c. Eligible Shareholders are also offered one (1) free attaching New Option for every one (1) New Share subscribed for and issued under the Offer. The Offer has been fully underwritten.

The New Options are exercisable at 0.8c and have an expiry date of 31 May 2018. The Company will make application to ASX for quotation of the New Options.
Those options sure are good
Expire 31 May 2018 @ 0.8 cents
Get em one day expire the next
What a joke