No sure why everyone is complaining as the funds raised seem to be used wisely to me
4.2 Purpose of the Offer The Directors intend to apply the proceeds from the Offer as follows:
Use of funds (approx.) Underwritten Amount
Install interim replacement tailing filter presses to make up the full capacity $1,700,000
Permanent tailings filter press $3,600,000
Deferred vendor payments $2,554,500
Trafigura loan repayment $2,000,000
Exploration (Block 8, Daris and Block 22) $3,750,000
General working capital $1,535,500
Costs of the Offer $119,000 Total use of funds $15,259,000
No sure why everyone is complaining as the funds raised seem to...
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