GCN 0.00% 0.7¢ goconnect limited

roll on wifi, page-2

  1. 6,543 Posts.
    lightbulb Created with Sketch. 12
    And this is how over the next 2 qrts the wifi roll out will be funded.

    GoConnect confirms that it meets the requirements of listing rules 12.1, 12.2 and 12.5.
    Subsequent to 30 June 2012, GoConnect has added to working capital with increase in
    equity capital of $250,000 from the exercising of share options, and a further increase of
    equity capital of $250,000 from exercise of additional share options today. GoConnect is
    also able to draw on unused credit facility of $1,137,331 to satisfy working capital
    requirements until revenue derived from our various WiFi Marketing Platforms and IPTV
    Platforms generate positive cash flows to the Company.
    The Company has sufficient capital and access to additional financial resources to
    support its business operations for more than two quarters.
 
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Currently unlisted public company.

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