2022 Rights Issue

On 27 July 2022, the Company announced the conduct of a pro-rata non-renounceable entitlement offer to existing eligible shareholders (Offer).  The Company is seeking to raise up to approximately $7.68million (before costs) through the offer of one (1) new fully paid ordinary share in the capital of the Company for every four (4) shares held by eligible shareholders registered at 1 August 2022 at an issue price of $0.038 per share, plus one (1) free attaching option for every two (2) new shares subscribed for.  The options will have an exercise price of $0.060 and an expiry date that is 12 months from the date of issue.

Please click here to download a copy of the Prospectus relating to the Offer.  Eligible shareholders should consider the Prospectus in deciding whether or not to participate in the Offer and follow instructions on the application form that accompanies the Prospectus in relation to any investment.

The Target Market Determination is available here.