Non-renounceable Rights Issue Offer Memorandum

The Company pleased to present an opportunity to participate in a non-renounceable pro rata rights issue at an issue price of $0.006 (0.6 cents) per New Share, to raise up to approximately $4.4m (before costs and expenses).  This offer presents an opportunity to acquire New Shares at the same price as a placement to eligible professional and sophisticated investors, including existing substantial shareholder DELPHI Unternehmensberatung Aktiengesellschaft, of 378,333,333 fully paid ordinary shares in the Company at an issue price of $0.006 (0.6 cents) per share to raise approximately $2.27 million before costs as outlined in the ASX Announcement on 30 November 2020.

The rights issue offers Shareholders the right to take up one (1) New Share for every four (4) Shares you hold as at 6.30pm Adelaide time on 3 December at an issue price of $0.006 (0.6 cents) per New Share.

Shareholders are encouraged to read this Offer Memorandum fully.  If you have any questions about the Offer, you should consult your stockbroker or other professional adviser.

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2020-11-30T13:18:53+10:30