The $500K loan will be paid back. I imagine it will cost...

The $500K loan will be paid back. I imagine it will cost Optiscan $700K if they don't.

15 June 2015 -


The key terms of the debt funding are:
 $500,000 closed on 12 June 2015
 Maturity date 30 November 2015
 15% coupon, payable upon maturity
 Secured against Optiscan’s 2015 R&D tax incentive claim (est $700,000)

The key terms of the rights issue:
 1:15 pro rata issue at 5cps to raise approximately $690,074
 Fully underwritten
 Offer opens 22 June 2015
 Offer closes 6 July 2015

According to the latest update there is "an element of self funding" in the work being done to complete the Zeiss product. I assume it's a significant element given it is occupying all their capacity.