KL - You Explain yourself, and learn how to 'read'.....
For a non-renounceable entitlement issue to Eligible Shareholders of up to approximately 61,373,756 Shares at an issue price of $0.047 per Share on the basis of 1 Share for every 14 Shares held on the Record Date and up to approximately 61,373,756 Options on the basis of 1 free attaching Option for every 1 Share issued, with each Option having an exercise price of $0.10 and expiring on 30 September 2020, to raise up to approximately $2,884,567 before expenses (Offer).
The Offer is fully underwritten by Pinnacle Corporate Finance Pty Limited (AFSL No. 403684) (Underwriter). Refer to section 5.4 of this Prospectus for further details regarding the Underwriting Agreement
