EGR 4.00% 12.0¢ ecograf limited

Ann: Appendix 2A and s708A Notice, page-42

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    Hi Spid, re "I would assume a cornerstone investment would warrant at least a 5% investment in EcoGraf (substantial shareholder status = 22.75mil shares each), If we do see 3 cornerstone investors, this will be around 68mil shares out of the 91mil that was issued on Friday, leaving around 23mil shares for the short term 708 investors, Hopefully early next week we will see confirmation of the cornerstone investments (2-3 becoming a substantial shareholder notice), "

    Well we have received one of them, but perhaps the other 2 are just running a bit later with their announcement? Hopefully today.

    And we haven't seen a change from MUFG yet re dilution from this raising , so perhaps they got invited to participate and took up a fair whack. Can add that to the "safe hands" number if so.

    But still need two more new sub holder notices.

    Tic Tok.
 
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