As announced to the market on October 31, the Company has completed a share placement for 25,000,000 shares at $0.02 to raise a total of $500,000. It is planned that shareholders will be entitled to apply for new shares on the same terms as the placement, should the Company proceed with announcing a transaction.
Column 1 Column 2 Column 3 1 2
- 5.1 Bank balances
- 5.2 Call deposits
- 5.3 Bank overdrafts
- 5.4 Other (provide details)
- 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above)
6 50 6 50 3 56 56
Column 1 Column 2 1 9. Estimated cash outflows for next quarter $A’000 2
- 9.1 Exploration and evaluation
- 9.2 Development
- 9.3 Production
- 9.4 Staff costs
- 9.5 Administration and corporate costs
- 9.6 Other (provide details if material)
- 9.7 Total estimated cash outflows
15
153 30
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