"the Company intends to undertake a capital raising through the issue of a minimum of 15,000,000 shares,
at an issue price of $0.20 each in order to raise at least $3 million on a post-consolidation basis (Capital Raising).
As part of the offer, the Company will also be offering up to 7,500,000 options exercisable at $0.25 each
(on a post-consolidation basis). The Company intends to accept oversubscriptions for a further 10,000,000
shares and 5,000,000 options, to raise up to a further $2 million. The Capital Raising will be completed pursuant
to a full form prospectus, which the Company expects to lodge with ASIC shortly. DJ Carmichael will be the Lead
Manager for the capital raising."
