Also mean no CR pre-F/Y. Therefore the existing flexible equity facility will expire
Could finally signal the bottom
The company is currently well funded and has no debt. It also has capacity of $1.76 million remaining under the Flexible Equity Facility, which expires in June 2018. The company retains discretion as to the quantum and timing of each drawdown and may also raise funds from alternative sources. However, the company has announced that it has paused drawdowns from this facility as the company is now very well funded from the exercise of options and $1 million strategic investment from RACV, and the Board can confirm that there is no current foreseeable need for additional capital to be raised at this time, unless the Board decides to pursue significant additional investment opportunities.
Ann: Change of Director's Interest Notice, page-4
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