Proposed Capital Structure

The Company is seeking to raise $5 million through the issue of 250 million shares at an issue price of 2c per share, together with 1 free attaching option (4c, 3 years) for every 5 shares issued. The proforma capital structure on completion of the Offer and the Acquisition is set out below:

Existing Securities 34,524,911 - -
Options to be issued under seed raising (4c, 3 years) - - 30,000,000
Securities to be issued to vendors under Acquisition 122,500,000 50,000,0001 -
Public Offer 250,000,000 - 50,000,000
Securities to be issued on conversion of Convertible Notes2 20,000,000 - 20,000,000
Great Sandy Shares3 7,500,000 - -
Promoter Shares 10,000,000 - -
Facilitator Options - - 15,000,000
Total 444,524,911 50,000,000 115,000,000
  1. Performance shares will convert into fully paid ordinary shares if specified performance milestones are met
  2. Securities to be issued on completion of Acquisition to convert convertible notes on issue in Rolhold
  3. Shares to be issued in connection with acquisition of FeMn Rights



Post transaction
Market capitalisation
Enterprise value