Prospectus - Rights Issue and Placement

(a) a pro-rata non-renounceable entitlement issue of one (1) New Option for every two (2) Shares held by those Shareholders registered at the Record Date at an issue price of $0.005 per New Option to raise approximately $127,622 (based on the number of Shares on issue as at the Record Date) (Entitlement Offer). (b) a conditional offer of up to 9,000,000 New Options to parties that have participate