From 13th march announcement
They were already in negotiations with a third party.
"Has CAD taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?
Yes, the Company is proposing to complete a capital raising in the near term. The terms of the capital raising are currently being negotiated with third parties and discussed with ASX. The Company will announce the terms of the capital raising once they are finalised with the relevant third parties."
