FOS Capital Limited announced a private placement of 7,500,000 shares at a price of AUD 0.20 per share for gross proceeds of AUD 1,500,000 on October 27, 2022. The transaction will include participation from sophisticated and institutional investors including Hancock & Gore Ltd and associated entities for AUD 1,000,000. The transaction is expected to close on November 1, 2022.

All Directors Sandy Beard for AUD 50,000, Con Scrinis, Michael Koutsakis & Michael Monsonego via SKM Investment Group collectively for AUD 150,000 are subscribing to the capital raising. Directors? participation will be subject shareholders?

approval at the upcoming AGM.