10c in 2017 should be in the moneyIn conjunction with the...

10c in 2017 should be in the money



In conjunction with the Placement, the Board is pleased to announce that it has resolved to undertake a
renounceable pro-rata offer to shareholders (including those participating in the Placement) of 1 new
share for every 3 shares held at the record date at an issue price of 7.6 cents per new share together
with 1 attaching option (exercisable @ 10¢ and expiring on 31 March 2017) for every 3 new shares
issued to raise up to $12.2m (before costs) (“Rights Issue”).

Patersons Securities Limited is mandated as Lead Manager to the Placement and the Rights Issue.