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SCIDEV LTD — Capital/Financing Update 2018
Apr 18, 2018
65761_rns_2018-04-18_3d4f37ac-e1a0-4375-9744-74908e34e257.pdf
Capital/Financing Update
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Suite 105 48 Atchison Street St Leonards NSW 2065 Australia ABN 25 001 150 849
Phone: 61 0428 002 590 Email: [email protected] Website: www.scidev.com.au ASX code: SDV
Companies Announcements Australian Securities Exchange
19 April 2018
Refund under R & D Tax Incentive Program
SciDev Ltd ( SciDev or the Company ) is pleased to advise that it has received a cash refund of $303,000 under the Federal Government’s R & D Tax Incentive Program. Following receipt of the refund, the Company’s cash balance is approximately $500,000.
Funding is expected to be further augmented in coming months by the expected receipt of the second and final payment of $250,000 from Tartana Resources Ltd ( TNA ) for its acquisition of the Zeehan Zinc Slag Project.
The proposed ASX Initial Public Offer of TNA is progressing well and SciDev expects to provide details of SciDev shareholders’ priority offer entitlement next week.
SciDev Ltd
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Heath Roberts Company Secretary 0419 473925