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Papyrus Australia Limited (ASX:PPY)
ALERT: Price-sensitive ASX Announcement for PPY
Current share price for PPY : $0.009 -0.003 (-25%)+
Announcement
Release
29 May 2026 12:44PM
Price at Release
$0.012
Full Release
Summary
Papyrus Australia Ltd released its Monthly Activities Report and Appendix 4C Cash Flow Report for April 2026, highlighting key operational and financial advancements. The company executed a board production contract with a Vietnamese manufacturer, satisfying the first milestone of the TBS contract. Financially, Papyrus strengthened its capital position by raising $325,000 and setting plans to secure $536,154 in additional convertible notes. The company advanced its engineering design and commenced production of board samples for TBS, leveraging its proprietary technology and partnerships to enhance its commercialisation efforts.
Key Points
- Execution of the board production contract with a Vietnam manufacturing partner.
- $325,000 raised in new funding with potential for $536,154 in additional secured convertible notes.
- Advancement of core technology engineering and design work for TBS contract.
- Production of board for TBS sample sets.
- Strengthening of capital position through multi-component capital-raising program.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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