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MICRO-X LIMITED — Capital/Financing Update 2019
Jun 12, 2019
65388_rns_2019-06-12_6e2511eb-bd5f-43ac-8fa2-fd642523bbac.pdf
Capital/Financing Update
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Micro-X Limited, 1284 South Road, Tonsley, South Australia, 5042
ABN: 21 153 273 735
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Thursday 13[th] June 2019
ASX Announcement – MICRO-X LIMITED (ASX: MX1)
RESEARCH AND DEVELOPMENT INCENTIVE SECURED LOAN DRAWDOWN
Micro-X Limited (‘ Micro-X’ ) is pleased to provide an update on the forward financing facility of $3.0M secured against Micro-X’s projected FY2019 AusIndustry R&D Tax Incentive refund that was announced on 30[th] April 2019.
The remaining drawdown of $1.5M which was subject to the completion of due diligence has been approved and received into our bank account on 12[th] June 2019.
For further information please contact:
Mr Peter Rowland Managing Director, Micro-X Limited Telephone: +61 418 844 981 [email protected] www.micro-x.com
About Micro-X : Micro-X Limited (“ MX1 ”) is an Australian Securities Exchange listed company developing and commercialising a range of highly innovative products based on proprietary carbon nanotube emitter technologies exclusively licensed and sourced from XinRay Systems Inc., a US based technology developer. These technologies enable the miniaturisation of a number of X-ray applications relevant to large global markets.
The Company has three initial products in its development pipeline – a mobile medical x-ray imager for hospitals, a version for deployed military use and a mobile security back-scatter imager. It is establishing manufacturing for these products in an ISO13485 certified facility in Tonsley, South Australia.