Ann: VHM Investor Update and Equity Raising Presentation, page-13

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    The $30,000 maximum SPP over 12 months is an ASX regulation. They could possibly do the institutional raise now and announce the SPP with the due date for payment being in August after the 12 month period has been reached. Will have to wait till Tuesday to see what develops.

    Surprised no details being leaked by a term sheet.


 
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