Capital Structure

Capital structure

As at  01 December 2011:

Issued Ordinary Shares:   1,674,466,146

Issued Listed Options:   27,217,517 (exercisable at 0.25 AUD by 04 December 2012)

Issued Unlisted Options:  

- 4,500,000 (exercisable at 0.30 AUD by 31 July 2012)

- 14,250,000 (exercisable at 0.44 AUD expiring no later than 06 Dec 13)

- 14,250,000 (exercisable at 0.525 AUD expiring no later than 06 Dec 13)

- 2,000,000 (exercisable at 0.44 AUD expiring 06 Dec 13)

- 2,000,000 (exercisable at 0.525 AUD expiring 06 Dec 13)

Percentage of AIM Securities not in public hands at admission:

8.9%

Comment on restrictions on transfer of shares:

Under an agreement with Daniel Stewart, each of the Directors have undertaken not to dispose of any Ordinary Shares or interests in Ordinary Shares held at Admission for 12 months following Admission, except under a limited number of circumstances.