ION VIDEO LTD — Capital/Financing Update 2013

Jun 12, 2013

Dear Shareholder

Firestrike Resources Limited - non-renounceable rights issue

As announced on 11 June 2013, Firestrike Resources Limited (ACN (149 796 332)) ( Company ) is undertaking a 1 for 1 non-renounceable rights issue ( Rights Issue or Offer ) of one listed Option ( New Options ) for every one Share to raise approximately $320,000. The price of the New Options under the Offer is $0.01 each ( Issue Price ). Each New Option is exercisable at $0.075 for one Share in the Company on or before 31 December 2016. The Company lodged a prospectus for the Offer ( Prospectus ) with ASIC and ASX on 11 June 2013.

The funds raised from the Offer are planned to be used in accordance with the table set out below (assuming the Offer is fully subscribed):

Proceeds of the Offer	$
Additional working capital including funding exploration and meeting thecommitments in respect of the Company’s existing exploration projects overthe next 12 months	290,143
Expenses of the Offer	29,857
Total	320,000

There is no minimum subscription in respect of the Offer. Any funds raised will first be applied towards the expenses of the offer and any balance will be used for working capital.

The Offer is being made to all shareholders of the Company ( Shareholders ) named on its register of members at 7:00pm (AEST) on 20 June 2013, whose registered address is in Australia or New Zealand.

The Shares to be issued on exercise of the New Options will rank equally with all fully paid ordinary shares in the capital of the Company ( Shares ) already on issue.

The Company currently has no Options on issue. Following completion of the Offer, the Company will have issued 32,000,000 New Options.

A copy of the Prospectus is available on ASX’s and the Company’s website. Eligible Shareholders will be mailed a Prospectus together with an Entitlement and Acceptance Form no later than 25 June 2013. Your entitlement will be set out on the personalised Entitlement and Acceptance Form

accompanying the Prospectus.

For the purposes of calculating each Eligible Shareholders’ entitlement, fractions of entitlements have been rounded up to the nearest whole number of New Options.

Actions required of Eligible Shareholders

There are a number of actions Eligible Shareholders may take:

• You may wish to accept all of your rights to subscribe for New Options pursuant to the Prospectus ( Entitlement ). To take up all or some of your Entitlements you will need to ensure your application money for the Entitlements you wish to take up is received by Advanced Share Registry ( Share Registry ) by no later than 5.00pm (WST) on 9 July 2013, by completing and returning your Entitlement and Acceptance Form together with your cheque, drawn on an Australian bank or bank draft made payable in Australian currency, for the amount indicated on the Entitlement and Acceptance Form.

• You may wish to accept part of your Entitlement. To take up part of your Entitlement you will need to ensure your application money for the Entitlements you wish to take up is received by the Share Registry by no later than 5.00pm (WST) on 9 July 2013, by completing and returning your Entitlement and Acceptance Form by filling in the number of New Options you wish to accept in the space provided on the Entitlement and Acceptance Form together with your cheque, drawn on an Australian bank or bank draft made payable in Australian currency, for the appropriate application monies (at $0.01 per New Option).

• If you do not wish to accept all or part of your Entitlement, you are not obliged to do anything.

Key dates for the Offer

Event	Proposed Date
Prospectus and Appendix 3B lodged with ASX	11 June 2013
Notice of Rights Issue sent to security holders	13 June 2013
Existing shares quoted on an ‘ex’ basis	14 June 2013
Record date	20 June 2013
Rights Issue Documents sent to Eligible ShareholdersOffer Period Opens	25 June 2013
Offer Period Closes	9 July 2013

Securities quoted on a deferred settlement basis.	10 July 2013
Notification of under-subscriptions to ASX (if any)	12 July 2013
Issue Date - Holding statements despatched	16 July 2013

If you have any queries concerning the Rights Issue, or the action you are required to take to subscribe for New Options, please contact your financial adviser or Paul Lloyd, Joint Company Secretary, on +61 (08) 9476 9209.

Yours faithfully

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David Holden Managing Director