Just to clear this up once and for all as no one seems to have...

Just to clear this up once and for all as no one seems to have the correct info.

(ASX: CR8) to raise up to $3.5m (Placement). Together with the placement the Company will complete a rights issue to raise a further $2m (Rights Issue). The Rights Issue will be conditionally underwritten, with the primary condition being the underwriter engaging sub-underwriters for the full amount underwritten.

The placement is being undertaken at 4 cents per share with a 1 for 2 attaching free listed option (exercisable at 6 cents per share with a 12 month expiry). The placement options will be offered under the rights issue prospectus as a separate offer of options.