Emmerson Resources Ltd's (ASX:ERM) shares are currently trading around $0.09, providing the opportunity for some investors to exercise in-the-money options.
Emmerson has issued 3.5 million shares following the exercise of the same number of options with a strike of $0.0485, with the issue adding $170,000 to the company's bank balance.
The option series expires on the 31st December 2017, and there are an additional 2 million options to be exercised.
The company recently transitioned to gold producer from the Edna Beryl Gold Mine in the Northern Territory.