shortfall allotement

Announcement out this evening has confirmed what we all knew was going to happen. The shortfall in the recent Rights Issue has been allocated to the "underwriters".

So the shortfall number of 116,501,930 have been apportioned out amongst the underwriters. While we know that four of the Directors (Mark Freeman, Brett Mitchell, Jim Malone, Greg Lee) had indicated a williningness to be underwriters for certain number of shares each we do not know who the others are.
It would appear from a previous Substantial Shareholder Notice that the major shareholder, Craig Burton, was probably one since his shareholding declaration showed that he had more than just doubled his shareholding.

Whether further notices reveal who else might have acted as an underwriter remains to be seen.

The vital thing is that the money has come in 100%. The money is in NEO's coffers. The money enables NEO to undertake its planned programme for the next 12 months hopefully. Hopefully there will be avery positive outcome from the drilling at the moment and the ones to come.