I thought under resolution 11 they were going to raise $6m in heads. So far they have issued $2.3m so $3.7m to go which at $0.003 is about 1.2bn more shares ?
Of course the $3m in bonds would also add another 1bn shares if they get converted to shares as well ?
Ann: Appendix 3B-KBL.AX, page-20
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