From mid December investor presentation offer document my bold
Page 7
Use of Proceeds
• The A$25MM gross proceeds from the Placement will be applied towards:
– building the fully permitted Electric Vehicle Anode pilot plant (A$22MM); and
– general working capital including transaction costs and supporting the ongoing project development (A$3MM)
Now it is an extremely serious offence to intentionally mislead the ASX in any announcement. If that happens you can expect a knock on the door from ASIC the Federal body overseeing the Corporate environment which includes the ASX.
TLG 1 year price target, page-45
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