News and Announcements
Leaf Resources Quarter Update June 2016: Expecting to Receive $510,000 from R & D Tax Rebate
- Published August 04, 2016 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
29th July 2016, ASX Announcement
Attached to this update are the current quarterly cash report (Appendix 4C) for the quarter ended 30th June 2016.
As previously announced the company is expecting to receive $510,000 from the R & D Tax Rebate in the near future. Previously announced returns from the EMDG and Research fees have been received.
ABOUT LEAF RESOURCES
Strong Technology: Simple, innovative process with IP protected.
Opens New Markets: Facilitates conversion of abundant waste biomass to rapidly emerging biofuels, bioplastics and green chemical markets
Rapid path to market: Technology has the characteristics needed to successfully go to market as planned in 2014.
Environmental Credentials: Technology capitalises on switch to green economy, using waste materials. Facilitates large carbon savings in multiple markets.
Strong Value Proposition: Low Capex/low Opex/low energy solution for end users.
Scaleable Business Model: Technology licensing to national and international territories into multiple markets.
Big Opportunity at Low Value: seeking $800,000 through rights issue at $0.035 which values company at less than $1.65m.
To view the full announcement, please click on the button below.
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