Along with this funding we also wanted to reward our existing shareholders by offering them an opportunity to exercise an option to participate at the same price as the capital raise and then receive another option exercisable at A$0.03 per share expiring on 30 June 2023, to be listed on the ASX. Further details will be provided in due course when the required prospectus is completed in the next few weeks. (Chris Kain from today's Announcement, p.2)
PIL Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
