The Company is pleased to announce that it is offering eligible shareholders the opportunity to acquire New Shares at $0.003 (0.3 cents) per share through a one (1) for three (3) non-renounceable pro-rata rights issue to raise up to $4.4 million (before costs and expenses) (“Offer”). Full details of the Offer are set out in the Offer Memorandum and Appendix 3B lodged with ASX today.