SVA 0.00% 2.2¢ simavita limited

Ann: Capital raising update, page-2

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    The proceeds from the Private Placement and the SPP will be used to:

    (i) accelerate the roll-out of Simavita’s current technologies in the US and European markets;
    (ii) accelerate SIMTM Generation 5 (cloud compatible) product and SIMTM Community Care (home-based) product;
    (iii) appoint distributors to roll-out SIMTM Generation 4 in Europe;
    (iv) acquire and develop complimentary intellectual property; and
    (v) for general working capital purposes.

    Still looking for an update.


    Mal
 
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Currently unlisted public company.

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