Rights Issue to raise up to $4.6M

The Company is pleased to announce that it is offering eligible shareholders the opportunity to acquire New Shares at $0.005 (0.5 cents) per share through a one (1) for four (4) non-renounceable pro-rata rights issue to raise up to $4.6 million (before costs and expenses) (“Offer”). Full details of the Offer are set out in the Offer Memorandum and Appendix 3B lodged with ASX today.
The Offer Memorandum will be sent to Eligible Shareholders on 31 January 2022.