They have $3.5m from the Conv Note + a further $8.5m in reserve + at least $4m guaranteed from the Rights Issue (the underwritten portion).
So they'll be getting min $7.5m now plus have another $8.5m to draw on when required.
* How much do they need to complete the P3?
* What time frame is on the current Due Diligence from potential partners?
Ann: Entitlement offer and Convertible Note to raise $12 million, page-17
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Last
37.0¢ |
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-0.005(1.33%) |
Mkt cap ! $206.3M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 38.5¢ | 36.5¢ | $478.2K | 1.276M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 63112 | 37.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 102029 | 6 |
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