Current Equity Raising

  • The company proposes to raise A$45million in the short term to enable it to complete pre construction engineering activities inclusive of the FEED.. The equity will be used to complete the conditions precedent required by the potential project financiers. The investor(s) will be invited to have one seat on the company board of directors.
  •  The investor(s) will have the opportunity to subsequently increase their size of their holding subject to any offer made, being offered to all of our shareholders.
  • A term sheet with a fund within a major state owned entity (SOE) from China who already
    have plus $ Billion investments in Australia was co-signed by the company and the fund in
    July 2017. The company is now engaged with the lawyers of the fund with regard to the
    completion of the terms agreed under the signed term sheet. An update will be provided as
    soon as this is completed.