Key learning from the fine print;
'The Directors believe that there are reasonable grounds to believe that the consolidated entity will be able to continue as a going concern, after consideration of the following factors:
(a) The Company is finalizing an equity capital raising via private placement and the directors reasonably expect to raise at least $10 million in the immediate future. In addition to the private placement, the directors have secured an additional equity funding facility of $10.8 million to be paid evenly over an 18 month period;'
So it appears that there is at least $20.8m more or less in the bag. Am thinking that there could be more (taking last week's fin review article into account) but we won't know the full details until Wednesday.
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