Drilling Confirmed with Less Dilution14 Feb 2020 07:19
Great Result - less shares issued hence less dilution AND note the CEOs emphasis on funds from the MF being 'additional' and not 'essential' to drilling.
Further shares issued up to a maximum of 40M at 3.35p
Rest need to be purchased on the open market or at the prevailing SP.
'Transformational' drilling program to proceed as planned.
"I would emphasise for all shareholders' benefit that any funds raised from the Fund initiative, now and in the future, will be additive to our existing financial resources but are not essential to meeting the estimated costs of drilling, for which costs we have been implementing a staged, coordinated funding strategy, as previously communicated to the market."
All systems go towards DRILLING now!