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VYSARN LIMITED Capital/Financing Update 2019

Sep 8, 2019

66029_rns_2019-09-08_41861666-e216-47c7-9da1-3ca7040fec1e.pdf

Capital/Financing Update

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==> picture [148 x 56] intentionally omitted <==

ASX:VYS

09 September 2019

PRO-FORMA STATEMENT

OF FINANCIAL POSITION

Vysarn Limited (ACN 124 212 175) ( Company ) sets out on the following page the pro-forma statement of financial position based on the actual funds raised under the Prospectus of $7,000,000 and the issue of 24,000,000 Shares to the directors in consideration for past services provided by the Directors.

For and on behalf of Vysarn Limited.

Kyla Garic

Company Secretary

A$000	Vysarn Reviewed 31- Dec-18	Pentium Acquisition	Purchase of Assets	Issue of shares to Directors	Debt Funding Agreement	Issue of Options	Capital Raising (Maximum of $7M)	Pro-forma after Offer
CURRENT ASSETS
Cash and cash equivalents 7,372 - (17,610) - 8,800 - 5,980 4,542
Trade and other receivables 14 2 1,600 - - - - 1,616
Inventory 15 - 3,000 - - - - 3,015
Total current assets 7,401 2 (13,010) - 8,800 - 5,980 9,173
NON-CURRENT ASSETS
Property, plant and equipment - 439 13,000 - - - - 13,439
Total non-current assets - 439 13,000 - - - - 13,439
Total assets 7,401 441 (10) - 8,800 - 5,980 22,612
CURRENT LIABILITIES
Trade and other payables 18 20 - - - - - 38
Borrowings - - - - 800 - - 800
Total current liabilities 18 20 - - 800 - - 838
NON-CURRENT LIABILITIES
Borrowings - - - - 8,000 - - 8,000
Total non-current liabilities - - - - 8,000 - - 8,000
Total liabilities 18 20 - - 8,800 - - 8,838
Net assets 7,383 421 (10) - - - 5,980 13,774
EQUITY
Issued capital 29,912 421 - 1,296 - - 6,466 38,095
Reserves - - - - - 241 - 241
Accumulated losses (22,529) - (10) (1,296) - (241) (486) (24,562)
Total equity 7,383 421 (10) - - - 5,980 13,774