They effectively did - read the latest quarterly activities report
A total of 105,866,667 fully paid ordinary shares, at a price of $0.015/share were allocated to investors in order to raise approximately $1.588 million gross proceeds from the Placement. Each placement share comes with a free attaching option, subject to shareholder approval, on a 1-for-1 basis. Each option will have an exercise price of 3 cents per share and an expiry date of 31 October 2019
Ann: Oversubscribed Placement and Vanadium Acquisition completed, page-75
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