please explain, page-2

RENOUNCEABLE RIGHTS ISSUE PROSPECTUS
For a pro-rata renounceable rights issue of approximately 101,329,828 New
Shares on the basis of 1 New Share for every 1 Share held on the Record Date of
22 October 2009 at an issue price of $0.10 per New Share, together with
approximately 33,776,609 free attaching New Options, each exercisable at $0.10
on or before 31 October 2011 on the basis of 1 New Option for every 3 New
Shares issued, to raise approximately $10,132,983. If a New Option is exercised
between 3 May 2010 and 31 May 2010 the New Option holder is entitled to
receive a Secondary Option exercisable at $0.12 on or before 31 October 2013.