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TALIUS GROUP LIMITED Capital/Financing Update 2012

Sep 10, 2012

65893_rns_2012-09-10_d7829d54-9ad9-472e-a850-a3e4a5b802a4.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT

11 September 2012

Loyalty Option Rights Issue and Extension of Celiastad Offer

Advance Plans Loyalty Option Rights Issue

Pursuant to the recent expiry of options exercisable on or before 31 August 2012 and the forthcoming capital raising approved by shareholders on 22 July 2012 (“Capital Raising”), the Board of Advance Energy Ltd (“Advance” or “Company”) has pleasure in announcing that has resolved to undertake a rights issue of options (“Offer”) on completion of the forthcoming Capital Raising.

The Offer will be a non-renounceable rights issue of options (“Options”) on the basis of one new option for every two shares held on the record date and the Company expects to complete the Offer by 31 December 2012.

The Options issued under the Offer will have an exercise price of $0.02 (two cents) and will be exercisable on or before 31 December 2014.

The Options will be priced at $0.0001 (ie 0.01 cents per Option) and the Company intends to seek listing of Options on ASX. The Board considers that this Offer will provide a fair incentive for all shareholders to support the Company during its forthcoming capital raising and development of the Ortynytska Project.

As this proposed offer will be made to all shareholders, the Company will not seek shareholder approval. A timetable and further documentation will be issued in due course.

Acquisition of Celiastad Pty Ltd- Update

The Heads of Agreement and the offer to acquire 100% of the issued shares in Celiastad Pty Ltd (“Celiastad”) is subject to the following conditions precedent:

  • a) 100% of Celiastad shareholders accepting the offer;

  • b) Advance completing its due diligence on Celiastad to its sole and absolute satisfaction; and

  • c) Advance shareholders approving the acquisition of Celiastad and the issue of shares on completion of the acquisition.

These conditions precedent were to be satisfied or waived no later than by 5pm on 11[th] September 2012 or such later date as agreed in writing by Advance and Celiastad.

ADVANCE ENERGY LIMITED Option Entitlement Offer and Extension of Acquisition Update ASX CODE: AVD www.advanceenergyltd.com.au

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Advance can now confirm that it has now received 100% of the Celiastad acceptances, that Advance shareholders have approved the acquisition and issue of shares and that due diligence of Epic Energy Ukraine Ltd has now been completed. However, there are a number of minor due diligence matters related to the acquisition of Celiastad that have yet to be satisfied. Accordingly, Advance and Celiastad have agreed to extend the date by which these conditions precedent are to be satisfied to 10 October 2012.

The Company therefore expects that the vendor shares will be issued in early-mid October 2012.

FOR FURTHER INFORMATION CONTACT

Mr Anthony Short (Managing Director) Telephone: 08 9429 2900 Facsimile: 08 9486 1011

ADVANCE ENERGY LIMITED Option Entitlement Offer and Extension of Acquisition Update ASX CODE: AVD www.advanceenergyltd.com.au