Ann: Funding for development of the Isabel Nickel Project-AVQ.AX, page-26

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The Placement of 17.857 million shares at $0.28 will be issued with one (1) unlisted option for every two (2) Placement shares subscribed. The Options will have an exercise price of $0.40 and two year expiry from the date of allotment, which is expected to be Friday, 5 August 2016The Placement of 17.857 million shares at $0.28 will be issued with one (1) unlisted option for every two (2) Placement shares subscribed. The Options will have an exercise price of $0.40 and two year expiry from the date of allotment, which is expected to be Friday, 5 August 2016The Placement of 17.857 million shares at $0.28 will be issued with one (1) unlisted option for every two (2) Placement shares subscribed. The Options will have an exercise price of $0.40 and two year expiry from the date of allotment, which is expected to be Friday, 5 August 2016