Looks like they could be listing under the Equity standard (requires 30 million shareholder equity). As of June 30, they had 28 million shareholder equity. I assume that this is what the GEM facility was for. The 5 million AU capital raise was after June 30, which would take them over the 30 million requirement.
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- Ann: Notice of Extraordinary General Meeting
Ann: Notice of Extraordinary General Meeting, page-113
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