This follows the expiration of the repayment holiday that was described in the company’s announcement of 29 April 2019.
A balance of US$934 087.50 remains outstanding under the funding agreement and is repayable on a monthly basis at an amount of US$50 637.38/month. The company’s intention is to satisfy subsequent repayments through cash rather than through the issuance of the company’s ordinary shares to Lind.
