Investor Presentaiton
Use of funds
The funds raised through the Capital Raising outlined are planned to be utilised as follows:
Use of Funds¹
Amount
$(millions)
Business development, sales, and marketing
Product and service development²
0.6
2
Operations (site and laboratory)
0.5
Working capital and costs of the Capital Raising³
1
Total
4.1
Notes related to these use funds are as follows:
1. Shareholders should note that the estimate expenditures will be subject to modification on an ongoing basis depending on the results obtained from the Company's
activities. Due to market conditions, the development of new opportunities and/or any number of other factors (including the risk factors outlined in this document),
actual expenditure levels may differ significantly from the above estimates.
2. This includes funds used to increase customer-focused, revenue-generating software solutions development and services related to driving customer adoption and
acceptance advancement rates, including the Orexplore InsightⓇ software user interface and additional software development personnel.
3. Working capital includes the general costs associated with the management and operation of the business including administration expenses, rent, inventory, office
expenses, travel, corporate and governance costs, insurance and other associated costs. Working capital also includes surplus funds. The Directors will allocate surplus
funds at their discretion.
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