Prospectus Terms and Conditions
A Prospectus for the pro rata non-renounceable entitlement issue
of four (4) Shares for every five (5) Shares held by Shareholders
at an issue price of $0.10 per Share to raise approximately
$3,001,626 (before costs) together with one (1) new Option (for no
additional consideration) for every two (2) new Shares issued,
exercisable at $0.24 on or before 30 June 2013 (Entitlement
Issue).
The Prospectus is dated 29 September 2010.
IMPORTANT INFORMATION
This is an important document that should be read in its
entirety. If you do not understand it you should consult
your professional adviser without delay.
Lodgement of Prospectus with the ASIC
The paper form of the electronic Prospectus (including its
attached Application Form) accessible through this website has been
lodged with the Australian Securities and Investments Commission
(ASIC).
The Entitlements Issue will only be made to shareholders with
registered addresses in Australia and New Zealand on the relevant
Record Date, being 11 October 2010.
If you are not a shareholder, or a shareholder whose registered
address is outside Australia or New Zealand, you are not entitled
to participate in the Entitlements Issue.
The Prospectus will be dispatched to eligible shareholders of
the Company for the purposes of the Entitlements Issue on 13
October 2010.
To view the prospectus you need to have Adobe Acrobat Reader 4.0
or higher. Adobe Acrobat Reader can be downloaded at the
following website:
http://www.adobe.com/products/acrobat/readstep.html
WARNING:
For legal reasons, the information and electronic Prospectus
provided by this website is available to persons accessing this
website from within AUSTRALIA ONLY. If
you are accessing this website from anywhere outside Australia,
please DO NOT download the electronic Prospectus
accessible through this website.
The Prospectus does not constitute an offer in any place in
which, or to any person to whom, it would not be lawful to make
such an offer.
The distribution of the Prospectus in jurisdictions outside
Australia may be restricted by law and persons who come into
possession of the Prospectus should seek advice on and observe any
of these restrictions. Failure to comply with these
restrictions may violate securities laws. Applicants who
are resident in countries other than Australia should consult their
professional advisers as to whether any governmental or other
consents are required or whether any other formalities need to be
considered and followed.
The offer under the Prospectus to New Zealand investors are
regulated offers made under Australian and New Zealand
law. In Australia, this is Chapter 8 of the Corporations
Act and the Corporations Regulations 2001. In New
Zealand, this is
Part 5 of the Securities Act 1978 and the
Securities (Mutual Recognition of Securities offer under the
Prospectusings – Australia) Regulations 2008.
The offer under the Prospectus and the content of the Prospectus
are principally governed by Australian rather than New Zealand
law. In the main, the Corporations Act sets out how the
offer under the Prospectus must be made.
There are differences in how securities are regulated under
Australian law.
The rights, remedies, and compensation arrangements available to
New Zealand investors in Australian securities may differ from the
rights, remedies, and compensation arrangements for New Zealand
securities.
Both the Australian and New Zealand securities regulators have
enforcement responsibilities in relation to the offer under the
Prospectus. If you need to make a complaint about the
offer under the Prospectus, please contact the Securities
Commission, Wellington, New Zealand. The Australian and
New Zealand regulators will work together to settle your
complaint.
The taxation treatment of Australian securities is not the same
as for New Zealand securities.
If you are uncertain about whether this investment is
appropriate for you, you should seek the advice of an appropriately
qualified financial adviser.
The offer under the Prospectus may involve a currency exchange
risk. The currency for the Shares is not New Zealand
dollars. The value of the Shares will go up or down
according to changes in the exchange rate between that currency and
New Zealand dollars. These changes may be
significant. If you expect the Shares to pay any amounts
in a currency that is not New Zealand dollars, you may incur
significant fees in having the funds credited to a bank account in
New Zealand in New Zealand dollars.