Ann: Entitlement Issue Prospectus, page-29

No, the clause has been removed.

All in my opinion...... but....

As previously discussed, the Entitlement Offer was failure by design....the 13-1 ratio limit mathmatically meant that not even the top 20 was going to be able to fill the target dollar.

this smells of a back door deal for whoever cannacord is representing. However, the backers realised that no one was taking up the entitlement and pushed back on terms (as was their right under the previous terms). possibly this was always the plan, as if VRX went to the ASX with a 50% discount straight away ASIC would be all over it.........so... soft offer....fail.... re-offer.... everyone wins except for retail win.

Stitch up from the start, the terms are now finite, and they will get 44 million shares + attaching options for 2.4 million dollars.

Lights stay on... cannacrod becomes the 2nd biggest holder, or a 10% owner after option conversion... and the show goes on for another 2 quarters.

A very very unimpressive move by management to enrich ....."someone".