Ann: Exercise of Options / Appendix 3B, page-2

Another $253 600 in kitty.
Looking less and less likely any cash will need to be raised, other than via option convertion, to fund the remaining $550 000 due for tranche 3.
Definite signs of accumulation the last few weeks and it appears management are, so far successfully, making a concerted effort to avoid further dilution. If things remain on track then any cash needed to pay tranche 4 should be raised at much higher prices.