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Equity - contributed equity (Tables)
 12 Months Ended
Jun. 30, 2018
Text block1 [abstract]  
Summary of equity - contributed equity
     2018      2017      2018      2017  
     Shares      Shares      A$      A$  

Ordinary shares - fully paid

      48,409,621        483,287,914        31,575,824        193,769,409  
  

 

 

     

 

 

     

 

 

     

 

 

  
Summary of movements in ordinary share capital

Movements in ordinary share capital

 

Details    Date      Shares     Issue price      A$  

Balance

      July 1, 2016        429,733,982          191,301,217  

Issue of shares - Note 2

      September 05, 2016        400,000     $ 0.105        42,000  

Issue of shares - Convertible note conversion

      September 14, 2016        20,000,000     $ 0.025        500,000  

Issue of shares - Acquisition of Glioblast Pty Ltd

      October 31, 2016        17,153,932     $ 0.090        1,543,854  

Issue of shares - Convertible note conversion

      November 01, 2016        16,000,000     $ 0.025        400,000  

Share issue transaction costs

         —       $ 0.000        (17,662 ) 
     

 

 

       

 

 

  

Balance

      June 30, 2017        483,287,914          193,769,409  

Share consolidation - Note 1

      November 17, 2017        (434,958,293 )    $ 0.000        —    

Issue of shares - Note 2

      November 30, 2017        80,000     $ 0.370        29,600  

Cancellation of share capital - Note 3

      December 31, 2017        —       $ 0.000        (162,223,185 ) 
     

 

 

       

 

 

  

Balance

      June 30, 2018        48,409,621          31,575,824  
     

 

 

       

 

 

  

 

 

Ordinary shares

Note 1 - Share consolidation 10 to 1, which was approved by shareholders at the Annual General Meeting on November 15, 2017

Note 2 - Shares issued to the Company’s Scientific Advisory Board in return for services

Note 3 - Section 258F of the Corporations Act allows a company to reduce its share capital by cancelling any paid-up share capital that is lost or is not represented by available assets. Given the long history of the consolidated entity and changes in the principal activity in recent years, the Directors believe that A$162,223,185 of the parent entity’s share capital satisfies the criteria in Section 258F of the Corporations Act and accordingly this amount of the ordinary share capital has been cancelled.