The original tranche 2 placement was 56,333,330 shares at $0.06 to raise $3,379,999.80.
The new replacement raise is for 131,663,067 shares at $0.035 to raise $4,608,207.34.
So not only are they reprising the placement, they are also raising an additional $1.23M in capital. So the $10.5M raise is actually growing to 11.73M.
Where in the announcement did it state they were raising additional capital? Where in the announcement did it explain why they require additional capital?
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