From 4/4/2017: Ironside Capital (Ironside), an unrelated party...

From 4/4/2017:

Ironside Capital (Ironside), an unrelated party to the Company, has conditionally agreed to
take up $2 million of shortfall from the Entitlement Offer, subject to (among other things)
Ironside receiving binding commitments for that amount, which it has confirmed it has
received. As part consideration for this commitment, Ironside (or its nominees) will, subject
to prior shareholder approval, be issued with 60,000,000 listed options on the same terms as
the Placement Options (Ironside Options). Otsana Capital (an entity associated with director
Mr Faldi Ismail) and an institutional investor has each provided a binding commitment to
Ironside to take up to $1 million each of any Entitlement Offer shortfall, with Otsana Capital’s
commitment subject to receipt of prior shareholder approval. A notice of meeting will shortly
be despatched to Shareholders in respect of this approval.