Fully funded through the help of this facility plus other capital raises at 40c, 78c and $2.20
And now as I've said, I'm guessing they've got $35m plus the $9.2m sitting on heir balance sheet
It's difficult to explain how this facility works but I'm aware it was being used about a year ago when the stock price started running into high 30's and stockbrokers were trying to get a placement in at a discounted 30c
The facility allowed the company to effectively raise cash at high 30's without the need to dilute at lower levels
Go back through the quarterlies and read when the facility was set up
It was set up on the 18th March 2020
They announced proceeds of $1 million on the 26th May
And this would have been repeated many times over the last year
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