Ann: Notice of General Meeting , page-17

Thank Fred.

I finally got some time to look at the paper document and my preliminary view is that this proposed acquisition is very bad for existing KEY shareholders.

There are no audited accounts for Zeta so financially we have no accurate idea what their position is.

On the unaudited proforma it appears they have no cash.

The independent valuations are based on 100% ownership of Bobocu but in all likelihood 50% of that will go to COE.

We have zero info on Zeta's expenses and we'll soon have zero dollars for any exploration or development.

We will be massively diluted to acquire Zeta and then will have to be further massively diluted to undertake any exploration or development of our existing or new assets. No wonder COE want to renegotiate their funding deal, they're not insane!