The Conditional Placement will be carried out in two stages....

The Conditional Placement will be carried out in two stages. Settlement of the first stage of approximately 45 million shares to raise approximately $0.54 million is expected to occur on Friday, 16 December 2016 and an Appendix 3B will then be lodged with ASX. Shares being allotted under the first stage are being issued using Intec’s existing 15% placement capacity pursuant to ASX Listing Rule 7.1. The second stage, being the issue of approximately 80 million shares to raise approximately $0.96 million, will be finalised in the second half of January 2017. The second stage of the Conditional Placement is conditional on shareholder approval being received at an Extraordinary General Meeting (EGM) of Intec. Resolutions at the EGM will also include approval of the proposed participation of three Intec Directors in the Conditional Placement for an aggregate amount of $60,000. Full details of the EGM will be provided in the Notice of EGM, which is expected to be released to ASX prior to 25 December 2016.