RE: Rights Issue5 May 2020 15:04
Fund Raising uses:General Admin/Licencing/Placing Costs........
Use of Proceeds
It is anticipated that the proceeds of the Fundraising will be used principally to provide general working capital for the business to cover general administration, licencing and Placing costs, until April 2021. In the event that the amount raised
pursuant to the Fundraising is increased as a result of excess demand, this will provide the Company with additional working capital which will take it beyond this date and ensure greater financial flexibility.