High risk high reward, page-238

They did a CR in 2 tranch. 17/11/2017 (45,754,995 at .007) and the second 30/11/17 (254,245,005 at .007 ) total = 300m to raise 2.1m

CAPITAL RAISING With the execution of this Agreement, VIC agrees to proceed with a placement of 300,000,000 VIC shares at an issue price of $0.007, together with a one-for-two attaching listed option to third parties, to raise circa $2.1m (pre-costs). The capital raising will be managed by VIC’s lead broker, EverBlu Capital.

If permitted by the ASX, the capital raising will be completed in two tranches, detailed as follows:

 Tranche 1: 45,754,995 VIC shares immediately from VIC’s existing placement capacity in accordance with ASX Listing Rule 7.1; and the balance

 Tranche 2: 254,245,005 VIC shares after obtaining shareholder approval in accordance with ASX Listing Rule 7.1 at the AGM (to be held 29 November 2017).

This was dated on 14/11/2016 Announcemnt

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