Need to raise $2m or doesn't go ahead. Cornerstone investor...

Need to raise $2m or doesn't go ahead. Cornerstone investor needed . They sought brokers for shortfall , did they get any firm offers ??. Where are the Sophisticated investors ??.


The Company has resolved to extend the Closing Date for it Non-renounceable Entitlement Offer by one (1) week to 5pm (AEST) Monday, 9 September 2024. The decision to extend the Closing Date is to allow Eligible Shareholders additional time to evaluate the Entitlement Offer. The Company has sought interest from licensed brokers in respect of any shortfall under the Entitlement Offer. No allotments will be made under the Entitlement Offer unless the minimum subscription of $2 million (including Directors' underwriting) is achieved. Therefore, if Eligible Shareholders wish to take up more than their entitlement under the Entitlement Offer they should also apply under the "To-Up Offer". See the Entitlement Offer prospectus for further information