SWIFT TV LTD — Capital/Financing Update 2009

Sep 14, 2009

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55 Brady Street South Melbourne Vic 3205 Australia Tel 613 92818888 Fax 61392818889 ACN 006 222 395

15/09/09

CELTEX
LTD
SIGNS
AGREEMENT
WITH
STANFIELD
FUNDS
MANAGEMENT
P/L &
DARREN
OLNEY
–
FRASER.

The
Board
of
Directors
is
pleased
to
announce
to
the
market
that
Celtex
Ltd
has
signed
an agreement
with
Stanfield
Funds
Management
P/L
and
Daren
Olney
–
Fraser
of
Melbourne
(a Melbourne
based
Lawyer
and
Businessman)

The
 initial
 purpose
 of
 this
 agreement
 is
 to
 enable
 Celtex
 Ltd
 to
 issue
 to
 Stanfield
 Funds Management
P/L
a
convertible
note
valued
at
A$50,000
at
normal
market
terms.

The
 funds
 raised
 are
 to
 be
 used
 as
 working
 capital
 and
 the
 agreement
 provides
 for
 the provision
of
an
additional
convertible
note
up
to
the
value
of
A$950,000.00,
which
will
be used
to
retire
the
company’s
debt
with
its
bankers.

The
 agreement
 also
 provides
 for
 Stanfield
 Funds
 Management
 P/L
 to
 acquire
 within
 7 working
days,
up
to
an
initial
20%
of
the
issued
capital
of
Celtex
Ltd
by
way
of
a
private
sale of
shares.

Subsequently,
Mr
Olney
–
Fraser
will
be
appointed
to
the
Board
of
Directors
of
Celtex
Ltd
in a
non‐executive
capacity.

The
Board
of
Celtex
Ltd
welcomes
the
involvement
of
Mr
Olney
–
Fraser
in
Celtex
Ltd
and we
expect
his
expertise
and
local
business
experience
will
be
invaluable
to
the
company moving
forward.

The
Board
of
Celtex
Ltd
is
committed
to
keeping
the
market
and
shareholders
informed
as the
company
develops
its
business
strategy
for
the
future.

Ken
Roberts

Executive
Chairman