@Naughty Morty
Indeed, today's announcement does mention the funds raised as being used to help cover the chf trial.
I have been basing my view on the comments made by the ceo last year when he said, from about 10:03 of the June web presentation, we now have been offered an equity based finance facility which we can draw down at our option and which is more than sufficient to fund the whole cost of the heart failure program to its completion.
We were told then that it was set up to be used if a partnership was not secured and that it was a great result for shareholders.
Anyway, good pick up, I stand corrected.
My take on todays placement, page-24
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