Ann: Annual Report for year ended 30 June 2019, page-5

Read Note 22 and 23.

The way i interpret it:

1) on 7 Deceomber the DOCA is executed, and all liabilities paid from the proceeds.
2) the directors be handed back the company (keeping it listed on ASX ?), and for the issue of 50M new shares at $0.02 (about 50% dilution) procure a new investor and be capitalised with $1M.
3) expected spend is $570K by Dec 2021 on a new venture (gold exploration project - currently owned by the 'new investor' and independantly valued at $1.26M)

To me that means the trading suspension would be lifted in December ???

The only thing i dont understand is when the company is 'handed back' to the directors, does the current ASX listing remain and come out of suspension ? at which point all current shareholders would likely sell ??