So they need $415,000 to complete the exercise of the options and have $302,000, leaving a shortfall of $113,000 plus operating cash. Previously they said they committed $200,000 for exploration activities to retain their ASX listing as a minerals explorer. Not sure whether that has been ring fenced already. So I guess they are looking for $1m -$2m?
Ann: EDEO Option Exercise, page-3
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