Capital Structure

a. Offer price per share $0.20
b. Shares on issue  
- Vendors 9,750,000
- Pre-IPO fundraising 2,750,000
c. Shares to be issued pursuant to this offer 15,500,000
d. Total shares on issue at listing date 28,000,000
e. Market capitalisation on listing $5,600,000


* The Company anticipates that a substantial proportion of these shares will be subject to ASX escrow restrictions for a period of between twelve months and two years from the date of quotation of the shares on ASX.

The Company undertook a pre-IPO capital raising in January 2011 pursuant to which the Company issued 2,750,000 new Shares.$275,000 was subscribed in cash at a price of $0.10 per share.



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