capital raising coming.

Anyone still think Texas is still alive.

AMG 14 March

solution 3 - Approval for Share Placement

General

Resolution 3 seeks Shareholder approval for the issue of up to that number of
Shares, when multiplied by the issue price, will raise up to £4,000,000 (
Placement).

A summary of ASX Listing Rule 7.1 is set out in section 1 above.

The effect of Resolution 3 will be to allow the Company to issue the Shares
pursuant to the Placement during the period of 3 months after the Meeting (or a
longer period, if allowed by ASX), without using the Company's 15% annual
placement capacity.

Technical information required by ASX Listing Rule 7.1

Pursuant to and in accordance with ASX Listing Rule 7.3, the following
information is provided in relation to the Placement:

a. the maximum number of Shares to be issued is up to that number of Shares
which, when multiplied by the issue price, equals £4,000,000;

b. the Shares will be issued no later than 3 months after the date of the
Meeting (or such later date to the extent permitted by any ASX waiver or
modification of the ASX Listing Rules) and it is intended that issue of the
Shares will occur progressively;

c. the issue price will be not less than 80% of the average market price for
Shares calculated over the 5 days on which sales in the Shares are recorded
before the day on which the issue is made or, if there is a prospectus,
over the last 5 days on which sales in the securities were recorded before
the date the prospectus is signed;

d. the Shares will be issued to sophisticated and professional investors known
to the Company. The Directors will determine to whom the Shares will be
issued but these persons will not be related parties of the Company;

e. the Shares issued will be fully paid ordinary shares in the capital of the
Company issued on the same terms and conditions as the Company's existing
Shares; and

f. the Company intends to use the funds raised from the Placement towards
repayment of current loans and working capital.


80% of 1p = .08p in to 4m pond = 500,000,000 shares. Oh dear!


30,000,000 Director Options to Mr Rory Scott Russell (or his nominee);

ii. 15,000,000 Director Options to Mr Graham Lyon (or his nominee); and

iii. 15,000,000 Director Options to Mr Christian Bukovics (or his nominee);