RE: Placing12 Oct 2022 08:27
Company and its Broker recently began the process of seeking to raise equity, not only to repay and retire the Facility but also to fund sufficiently the Company's working capital requirements to enable the Company to reach profitability and cash generation during 2023. However, particularly given the impact of the above-mentioned speculation on the share price, and although the institutional equity roadshow is progressing well with positive feedback, there can be no guarantees that sufficient equity funds can be raised, nor the terms thereof.