Issuing approx 19.7M ordinary shares at approx 2c (AUD) per share to raise over $250K USD to fund initial stages of clinical trial. Hopefully not a huge dilution and share price should remain in vicinity of 0.019-0.020c. Not sure who is going to take up the share issue (Institutions or SPP) but no big incentive and no fanfare associated with the announcement.
Issuing approx 19.7M ordinary shares at approx 2c (AUD) per...
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