Ann out from EGS> The GM was scheduled to be held primarily to...

Ann out from EGS>

The GM was scheduled to be held primarily to consider and if thought fit, approve resolutions that would give effect to the $75M Recapitalisation Transaction referred to in the ASX Announcement dated 28 September 2018 (Recapitalisation Transaction).

The Company advises that the Recapitalisation Transaction will no longer proceed. The Company is currently evaluating a number of alternative transactions, which may include voluntary administration, however these are not yet at a stage where the Company is in a position to make an announcement.

Hope we have a keen buyer lined up to take those IRC shares which will be forced to be sold>>