"ReinstatementThe Board remains committed to seeking...

"ReinstatementThe Board remains committed to seeking reinstatement to trading on the ASX. We have and are continuing to lodge announcements in relation to key service providers that will be crucial to progressing to reinstatement.The Company has also received a proposal from Finran Pty Ltd to convert up to AUD $525,000 of funds drawn under its existing debt facility into ordinary shares and will be seeking approval from shareholders to raise up to AUD $2,000,000 from sophisticated investors in relation to a further placement of ordinary shares. For these transactions to proceed, the Company will require shareholder approval at a general meeting, being the EGM mentioned above in this announcement.We are acutely aware of the need for shareholders to seek liquidity for the shares they hold and are working closely with the regulators and the exchange operator to continue efforts in this regard."

Key point!