The funding with Triton Growth was selected due to its certainty in respect of the initial A$5.0m and efficiency of completion; relatively low potential dilutionary impact; its relatively low cost of funds; and that upon conversion the underlying shares are anticipated to be held by a long term strategic partner. Overall, as compared to the alternative sources of finance, the Board considered the arrangement to be in the best interests of DW8 shareholders.
https://newswire.iguana2.com/af5f4d73c1a54a33/dw8.asx/6A1102008/DW8_Strategic_investor_provides_DW8_access_of_up_to_$10m_funding
Page 3
Was not a certainty as announced.
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Ann: DW8 Secures Institutional Funding Launches Entitlement Offer, page-224
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