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CODEIFAI LIMITED Capital/Financing Update 2014

Aug 5, 2014

Capital/Financing Update

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Statement of Commitments
Total Funds raised pursuant to the Offer	$3,750,000
Application of Funds
Sales and marketing
expenses	700,000
Ongoing research and development	750,000
Expenses of offer	680,000
Plant, Equipment and Stock	325,000
Additional working capital	665,000
Repayment of
debt	630,000
Total Funds
Applied	$3,750,000