$7.3M Capital Raising

• Firm commitments received for $2.5 million Placement to institutional and sophisticated investors • Launch of fully underwritten, non-renounceable, one (1) for six (6) Rights Issue to raise gross proceeds of approximately $4.8 million • Issue price for the Placement and the Rights Issue of $0.02, being a 4.8% discount to the most recent closing price and a 15.7% discount to the 15 day VWAP • One