From the entitlement document....."The raising will also finance...

From the entitlement document.....

"The raising will also finance the repayment of the approximately US$0.6 million outstanding
balance (following conversion of A$0.2 million into Shares) of the convertible loan funds under
the La Jolla Cove Investors, Inc. Convertible Loan Facility (LJC Facility), plus accrued
interest as at the date of repayment.
The LJC Facility will be terminated upon repayment of the outstanding balance, but will be
partially replaced by the funding under this capital raising."

In line with Quickstep style this passage is ambiguous and not exactly forthright?

I think basically it says they will still need La Jolla but not as much now if they raise $ from this entitlement issue.