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On 18 January 2016 5,800,000 of these shares (with the attaching options) were sold to third party professional and sophisticated investors for $1 per share. The share sale agreements entered into with the investors allowed the proceeds to be repaid to the Company by 30 November 2016. $1,300,000 has been repaid to 30 June 2016 by the investors.

How can the proceeds be repaid if they where never paid for in the first place?
The cashflow statement confirms $1.3M receipt only.
Therefore the share sale agreement was for no initial monetary consideration?
These notes should not say repaid, should say paid