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ENTITLEMENT OFFER PROSPECTUS

For a pro-rata non-renounceable Offer of one (1) New Share for every one (1) Share held by those Shareholders registered at the Record Date at an issue price of $0.005 per Share to raise approximately $1,362,578 (based on the number of Shares on issue as at the date of this Prospectus on a post-Consolidation basis[1] ) ( Offer ).

The Offer is scheduled to close at 5.00pm (WST) on Wednesday, 12 March 2014.

The Offer is fully underwritten by Stevsand Holdings, Mr Peter Avery and Frollo. Please refer to sections 2.7 and 2.8 for details of the underwriting arrangement in place for the Offer.

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3. COMPANY INFORMATION

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