Wooooo Hooooo Go BPH :)$$$$$$, page-31050

Pertinent to the discussion even though off topic and another ticker but should be allowed i hope.
PharmAust Limited (ASX: PAA & PAAO) (Company), a clinical
stage biotechnology company, is pleased to announce that it will conduct an offer ("Offer") of up to
approximately 79,228,636 new options ("New Options") on the basis of 1 New Option for every 1
PAAO Listed Option held at expiry (with the record date being the expiry on 31 October 2023). In this
way, a placement of Options will occur to Existing Listed Option Holders after these Existing Listed
Options expire and subject to shareholder approval at the Annual General Meeting on 20 November
2023. The New Options will have an exercise price of 15 cents and expire on 30 April 2026.
The Option Offer will be made by a prospectus and the issue price of 0.5 cents will result in up to
$396,144 being raised to be used for general working capital. Application will be made for quotation of
the New Options. Subject to shareholder approval, the Directors will be entitled to participate in the
Offer and have each advised that they intend to subscribe for their full entitlement. Blue Ocean
Equities Pty Limited will be managing the offer