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SCIDEV LTD Capital/Financing Update 2009

Jun 18, 2009

65761_rns_2009-06-18_40e6159a-3618-438f-ab8d-c558a3ecf38f.pdf

Capital/Financing Update

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ABN 25 001 150 849

Level 3 2 Elizabeth Plaza North Sydney NSW 2060 Australia PO Box 1507 North Sydney NSW 2059 Australia

Phone: 02-9925 8170 Fax: 02-9925 8110 Email: [email protected] Website: www.intec.com.au ASX code: INL

19 June 2009

Companies Announcements Office Australian Securities Exchange

Appendix 3B and Notice in accordance with Section 708A(5)(e) of the Corporations Act

Intec Ltd (ASX code: INL, or the Company) provides the attached Appendix 3B for the quotation of newly issued shares following their allotment today after the successful completion of INL's Share Purchase Plan and associated Placement.

Secondary Trading Exemption

The Corporations Act (the Act) restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A. By the Company giving this notice, a sale of the INL securities noted above will fall within the exemption in section 708A(5) of the Act.

The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that:

a) the Company issued the INL securities without disclosure to investors under Part 6D.2 of the Act;

  • b) as at 19 June 2009 the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and
  • c) as at 19 June 2009 there is no information:
  • i) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and
    • ii) that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:
  • A) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or
  • B) the rights and liabilities attaching to the INL securities.

Yours faithfully Intec Ltd

Philip R. Wood Managing Director and Chief Executive Officer

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003.

Name of entity

Intec Ltd

ABN

25 001 150 849

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1 +Class of +securities issued or tobe issued Fully paid ordinary shares
2 Number of +securities issued or tobe issued (if known) or maximumnumber which may be issued 143,226,682 ordinary shares.
3 Principal terms of the +securities(eg, if options, exercise price andexpirydate;ifpartlypaid+securities, the amount outstandingand due dates for payment; if+convertiblesecurities,theconversion price and dates forconversion) Ordinary shares.
4 Do the +securities rank equally inall respects from the date ofallotment with an existing +class ofquoted +securities?If the additional securities do notrank equally, please state:•the date from which they do•theextenttowhichtheyparticipateforthenextdividend, (in the case of a trust,distribution)orinterestpayment•the extent to which they do notrank equally, other than inrelation to the next dividend,distribution or interest payment The ordinary shares will be quoted and rank equallywith Intec's currently quoted ordinary shares.
5 Issue price or consideration $0.015 per ordinary share.
6 Purpose of the issue(If issued as consideration for theacquisitionofassets,clearlyidentify those assets) 1. Share Purchase Plan and associated Placement as setout in the ASX announcement dated 30 April 2009.2. $22,000 consideration for consulting services inNewcastle provided to Intec Ltd by EvermooreEnvironmental Services Pty Ltd.3. $138,302.72 consideration for Chinese representativeservices provided to Intec Ltd by Chung Tin HoldingsPty Ltd.
7 Dates of entering +securities intouncertificated holdings or despatchof certificates 22 June 2009
Number +Class
8 +classNumberandofall+securitiesquotedonASX(including the securities in clause2 if applicable) 819,173,709 Ordinary Shares
131,909,975 31 December 2009 Quoted Options –exercise price $0.08
Number +Class
9 +classNumberandofall+securities not quoted on ASX(including the securities in clause2 if applicable) 1,275,000 30 June 2009 Options – exercise price$0.49625
5,869,014 24 February 2010 Options – exerciseprice $0.069
7,210,000 31 August 2011 Options – exercise price$0.11
4,700,000 25 September 2012 Options – exerciseprice $0.15
6,350,000 25 September 2012 Options – exerciseprice $0.15These options will not vest, and may notbeexercised,untiltheTriggerPriceThreshold of $0.25 is met. To meet theTrigger Price Threshold, the price of IntecLtdsharestradedontheAustralianSecuritiesExchangemusthaveclosedabove $0.25 for 20 consecutive tradingdays or Intec Ltd must have received abona fide offer for a majority or all of itsshares whether by takeover or scheme ofarrangement.

10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

The newly issued shares rank equally with the existing shares.

Part 2 - Bonus issue or pro rata issue

11 Is security holder approval required? Questions 11 to 33 are not applicable.

to

33

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

  • 34 Type of securities (tick one)
  • (a) √ Securities described in Part 1

(b) All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

35 If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders 36 If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over 37 A copy of any trust deed for the additional +securities

Entities that have ticked box 34(b)

38Number of securities for whichQuestions 38 to 42 are not applicable+quotation is soughtto42
------------------------------------------------------------------------------------------------------------------- --

Quotation agreement

  • 1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX may quote the +securities on any conditions it decides.
  • 2 We warrant the following to ASX.
    • The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.
    • There is no reason why those +securities should not be granted +quotation.
    • An offer of the + securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

  • Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.
  • We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the +securities to be quoted, it has been provided at the time that we request that the +securities be quoted.
  • If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted
  • 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
  • 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here:

(Director/Secretary)

Date: 19 June 2009

Print name: Philip R Wood

Rule 2.7, 3.10.3, 3.10.4, 3.10.5