From the chairman in November 2014:
To support this growth, early last week, the Company announced the execution of a Share Purchase and Convertible Security Agreement with the Australian Special Opportunity Fund. The agreement, which has been well received in discussions with investors and shareholders, provides Invion access to funds through a flexible convertible instrument, and the ability to secure additional funding in stages.
Your Board believes this is the right instrument to help fund the Company at this time as it enables the issue of shares at prices that are linked to prevailing prices, at the same time minimising dilution while meeting interim financing needs as our milestones are approached.
From the chairman in November 2014: To support this growth,...
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