Ann: Placement of Shortfall under Entitlement Offer, page-2

One thing I liked about the broker engagement in the capital raising is that they were provided unlisted options as part of remuneration. So they are unable to sell on market and in order to gain any benefit AQD will receive $240 k in proceeds of the 1.2 c strike price.

I see it is a win for AQD and the broker also can win if one of our projects over the next 3 years comes to fruition.

With 2 Peru drillings to happen, 1 basically now, with Balladonia, Moora and Coober Pedy early next year . Plenty of opportunity for advancement in our projects.