Funding secured.3 Sep 2025 02:43
Https://bit.ly/463nMlW
“A share placement agreement to raise up to £8 million (AUD 16.4m) (“Share Placement Agreement”) over the
next 24 months.
(i) Through the Share Placement Agreement, the Company will raise £2 million (AUD 4.1m) through an
initial placing of 24,786,526 shares (“Initial Placement”).
(ii) After the Initial Placement, the Company, at its sole discretion, can undertake three additional placings
of £2 million each (“Subsequent Placements”), provided that the maximum aggregate amount raised
under the Share Placement Agreement shall not exceed £8 million and provided that the 80-day period
in respect of any prior placement under the Share Placement Agreement has passed.
2) A committed equity facility to raise up to £20 million (AUD 41.1m) through placement tranches of shares in
the Company over the next 24 months, subject to shareholder approval (“Committed Equity Facility
Agreement” or “Facility”). The utilisation of the Facility is at the Company’s discretion, subject to the terms
and conditions detailed below.“
8.1p initial £2million raise.