Ann: R & D Tax Incentive Funding Agreement, page-3

This is a smart move by management and a good result for holders.

Radium Capital are specialists in the R&D loan advance space and the terms look very reasonable in the current higher interest rate environment - potentially around 12%.

https://radiumcapital.com.au/



The company flagged this as an option months ago and now they've bought the company time and avoided a dilutionary bridging raise at these cheap prices.

It's incredibly refereshing and this what can happen when a very modestly paid management has major skin in the game.

The company on many occasions has stated the trials won't proceed until a capital raise occurs.

Today's announcement gives a high level of confidence the company are committed to raising at prices well north of here.

Imho & Gltah