My understanding is the finance negotiations continue to be progressed with several parties. However the diligence process has been longer than anticipated and the company hopes to reach agreement in August.
Separately we are still waiting on an announcement from the Australian Government re grant funding. I believe this has been delayed due to the reshuffle and the timing of when grants are announced is largely a political consideration.
Ann: Reminder Letter to KISO Option Holders, page-20
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