Rights Issue - On the 27 June 2014, the Company announced a...

Rights Issue - On the 27 June 2014, the Company announced a partially underwritten rights issue to raise up
to $1.27 million. The rights issue closed on 22 July, with total funds raised expected to be confirmed to ASX
on 25 July 2014, in accordance with the timetable announced on 1 July 2014. The Directors have the ability
to place any remaining shortfall up until 22 October 2014. At the time of announcing the rights issue the
Company received a loan of approximately $542,000 from the underwriter of the rights issue. The loan is unsecured, carries an interest rate of 8% and in the event it is not converted into shortfall shares in
accordance with the underwriting agreement is repayable within twelve months.

It will be interesting to see how many shares were issued and if directors took up any of their entitlement. Guess we'll know later today.