Here are a few red alerts
1/ 4.9 Directors Interests and Participationof 574,079,347 Shares at the date of this OfferEach Director’s relevant interest in the securities of the Company at the date of this Offer Document and their Entitlement is set out in the table below. Director Shares Voting Power (%)5 Entitlement $ David Frances Nil Thomas Langley 55,555,555Patrick Burke NilNil Nil Nil 9.68% 18,518,518$148,148 The sole Director who is eligible to participate in the Offer presently does not intend to take up his Entitlements under the Offer.Nil Nil Nil
2/ Legal AdvisersSteinepreis PaganinLevel 4, The Read Buildings 16 Milligan StreetPERTH WA 6000
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- Ann: Placement and Entitlement Issue to raise $2.1m
Ann: Placement and Entitlement Issue to raise $2.1m, page-8
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