The Company is pleased to advise the results of the non-renounceable pro-rata rights issue (ASX release 20 January 2022) that closed at 5:00pm (ACDT) on 9 February 2022.

The total amount raised was $3,959,321 from acceptances of 791,864,296 new shares at an issue price of $0.005 per share, representing an approximate 87% take-up (including oversubscriptions).