The reference to apply shortfall shares should have been removed. It finished in December. according to the Patterson's report
"Phase 2 Modest Capex Requirements: The estimated capex requirements for Phase 2 are modest. VXL aims to fund the estimated $34m for Phase 2 through a combination of offtake, contract factoring, royalty and debt finance. Previous expressions of interest have been received to provide circa $30m in offtake capex funding. The funding of Phase 2 is a key catalyst for VXL."
No Mention of issuing further shares and dilution but things might have changed. fc
VXL Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held