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VERIS LIMITED Capital/Financing Update 2016

Oct 4, 2016

66021_rns_2016-10-04_1122cc96-7994-4c8e-a4b6-38aa36732690.pdf

Capital/Financing Update

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ASX/MEDIA RELEASE - OTC

5 October 2016

SECONDARY TRADING NOTICE

OTOC today issued 44,444,445 fully paid ordinary shares in the capital of the Company at an issue price of $0.27 per share to sophisticated and professional investors under the Company’s existing placement capacity.

Secondary Trading Exemption

The Corporations 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, sale of the Shares 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 Shares without disclosure to investors under Part 6D.2 of the Act;
b) as at 5 October 2016 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 5 October 2016 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 Shares.

- Ends –

About OTOC