Directors of the Company who are also shareholders in the...

Directors of the Company who are also shareholders in the Company, intend to take up their full entitlements under the Rights Issue. The Directors of the Company have also committed to participate in the Shortfall Offer to an aggregate amount of $522,000. Any allotment of New Shares to Directors under the Shortfall Offer will be conditional upon receipt of shareholder approval. Shareholder approval will be sought at a general meeting currently anticipated to be held at the end of April 2011. A notice of meeting will follow in due course.

ASX Announcement
8 March 2011
Renounceable Rights Issue