Below should give a better view of the share Placement & Loan Agreement.
Number
Issue Price Total
Consideration
Issue price or consideration
8,208, @ 1.4772 cents
20,000,000 n/a
Shares issued pursuant to a security purchase agreement between the Company and The Australian Special Opportunity Fund LP entered into on 24 February 2012:
8,208,097 shares as payment of the commencement fee
20,000,000 shares as collateral security for the Company’s performance of its obligations under the agreement
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- Ann: Appendix 3B
Ann: Appendix 3B , page-19
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