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LIVIUM LTD Capital/Financing Update 2007

Dec 11, 2007

65239_rns_2007-12-11_33862292-ebdc-4890-9a2d-270028d131ef.pdf

Capital/Financing Update

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12 December 2007

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ASX RELEASE

NON-RENOUNCEABLE ENTITLEMENTS OFFER OF OPTIONS

The Company advised in its Prospectus dated 12 September 2007 that all shareholders registered on the share register at a date approximately 10 weeks after Midwinter’s Shares quoted on ASX (30 October 2007) will be entitled to participate in a proposed non-renounceable entitlements issue of Options on the basis of 1 Option for every 2 Shares held. The options are to be issued at one cent each with an exercise price of 25 cents and an expiry date of 30 September 2009.

The Company is pleased to announce the important dates for the offer are as follows:

Lodgement of Prospectus 14 December 2007
‘Ex’Date 18 December 2007
Record Date 24 December 2007
Prospectus Dispatched 3 January 2008
Acceptance closes at 5pmWST 17 January 2008

Shareholders should consult their brokers or professional advisors in regards to the definition of ‘Ex’ Date and Record Date to ensure that their entitlement to participate in the offer is assured.

For further information, please call Lisa Wynne on 08 9388 2816.

Yours faithfully

Jon O’Callaghan Chairman

ENDS