Ann: Extension of Rights Issue Closing Date, page-4

Just had another read of the latest update re the entitlement issue.

If they basically raise only the underwritten amount of $2.9m then $2.5m of this amount, is to be used to repay existing debts, interest payments and expenses of this offer leaving only $219k for working capital and $200k for "capital expenditure on existing projects".

So it will be up to the faithful and the C/N holders to stump up more dollars for the current cap raising to be for a higher figure and of any real benefit I would think.