Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-39

If I am reading this correct, EGM, shareholder approval and demo (all the same event), should happen this quarter, prior to receiving EM proceeds??

As part of the placement announced to the market on 24 August 2022 of $10m at $14.00
per share, 4F Investments Pty Limited agreed to subscribe for 165,358 ordinary shares at
$14.00 per share as part of this placement at a cost of $2,315,012, subject to shareholder
approval. 4F Investments Pty Limited has agreed that that it would offset $2,315,012
against its unsecured loan of $3,285,000, subject to shareholder approval, and the balance
of $969,988 would be repaid in cash once the placement funds from Earth Mountain are
received.
4F Investments Pty Limited will continue to receive 6.00% interest on the unsecured loan
until shareholder approval is received. In respect of the balance of the unsecured loan of
$969,988, after shareholder approval, 4F Investments Pty Limited will continue to receive
interest at 6.00 % per annum until repayment.

Yes. The Company is expecting to receive the placement proceeds of A$4,316,550
during the current quarter in respect of the placement to Earth Mountain of 308,325
shares at $14.00 announced on 24 August 2022.