ALA 6.45% 16.5¢ arovella therapeutics limited

I did and came up with approx $2.4 mil coming in after June 30...

  1. 26 Posts.
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    I did and came up with approx $2.4 mil coming in after June 30 that's approx $7.38mil (see investor webinar preso 15 Aug pg 6 ) to cover this years expenditure!!!!
    I think we can expect more will be spent this year than last year hopefully on positive progress.

    FROM AR
    "Equity issue Amount raised Price per share Total shares issued
    January 2023 Placement $1.65 million $0.02 82,750,000
    June 2023 Placement $4.1 million $0.045 91,111,111
    June Share Purchase Plan (closed in July) $2.2 million $0.045 49,241,018Events since the end of the financial year"


    "The following occurred after the Balance Date:
    • On 12 July 2023, 49,241,018 ordinary shares were issued at $0.045 each, as a result of the oversubscribed
    Share Purchase Plan ("SPP") as announced on 11 July 2023.
    • In August the cashless exercise facility was utilised to convert 1,900,000 options into 565,105 shares, and a
    further 500,000 options cancelled.
    • On 24 August 2023, 2,250,000 ordinary shares were issued at $0.04 each; 3,043,478 unlisted options were
    issued with an exercise price of $0.04 each expiring 22 August 2028; and 3,478,261 unlisted options were
    issued with an exercise price of $0.032 each expiring 22 August 2028, to Dr Thomas Duthy as approved by
    shareholders at the Extraordinary General Meeting ("EGM") on 23 August 2023.
    No other matters or circumstances have arisen since 30 June 2023 that has significantly affected the Company's
    operations, results or state of affairs, or may do so in future years.
    Likely developments and expected results of operations
    The likely developments in the Company's operations, to the extent that such matters can be commented upon,
    are covered within the review of operations and activities on pages 7 to 14 of this annual report."
 
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