SHORTFALL PLACEMENT
"The SPP will be capped at $3 million. However, if applications under the SPP fall short of $3 million, the Company will undertake a placement of the Shortfall to Institutional Investors. The Company has already received commitments from Institutional Investors to take up $1.5 million of the Shortfall (if any)."
Ann: Share Purchase Plan Offer Booklet, page-91
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