WEEBIT NANO LTD — Capital/Financing Update 2015

Aug 25, 2015

Capital Raising Update

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ACN 146 455 576

ASX Release

26 August 2015

Suite 8, 55 Hampden Rd Nedlands WA 6009 PO BOX 994 Subiaco WA 6904

P + 61 8 9389 9919 F + 61 8 6389 0576 E info@radariron.com.au W www.radariron.com.au

Contact:

Jonathan Lea Managing Director E jlea@radariron.com.au

Radar Iron Ltd (ASX: RAD “Radar”) is pleased to announce that it has raised $495,932 in a placement managed by Armada Capital Pty Ltd. The placement involves the issue of 33,062,158 fully paid ordinary shares at $0.01, with one attaching $0.015 unsecured convertible note for every 3 shares issued. The one year notes attract interest at 1% per month payable in arrears in shares. Subject to shareholder approval they will convert at a price equal to the greater of $0.015 or a 50% discount to the price at which the Company offers investors the opportunity to subscribe for Shares in the first of any subsequent capital raising to follow this Placement. The shares will be issued from Radar’s existing capacity under Listing Rules 7.1 and 7.1A.

In accordance with the requirements of ASX Listing Rule 3.10.5A, the Company advises the following particulars in respect to the 13,224,863 Shares issued pursuant to ASX Listing Rule 7.1A:

(a) Details of dilution:

etails of dilution:
Percentage of pre-placement issued capital represented by securities issued	10.0
Percentage of post-placement issued capital (including Shares issued under	78.8
rule 7.1) held by pre-placement security holders who did not participate in
the placement
Percentage of post-placement issued capital (including Shares issued under	5.6
rule 7.1) held by pre-placement security holders who participated in the
placement
Percentage of post-placement issued capital (including Shares issued under	12.7
rule 7.1) held by participants in the placement who were not previously
security holders

(b) Reasons for issue of Shares as a placement under rule 7.1A:

Damon Sweeny Company Secretary E damon@ampereltd.com.au

Directors:

Alan Tough – Chairman Jonathan Lea – Director Ananda Kathiravelu – Non-Exec David Sourbutts – Non-Exec

The Company did not offer not a pro rata issue or other type of issue in which existing ordinary security holders would have been eligible to participate, as the timing of the requirement for capital did not allow for such. The Company also took the opportunity to secure a number of new investors who offered a long term commitment to the Company.

(c) Details of any underwriting arrangements:

Not applicable

Issued Capital:

132,248,630 Ordinary Shares 5,000,000 Unlisted Options

(d) Details of other fees:

The placement attracted standard capital raising fees at 5% of capital raised.

ASX Code:

RAD (Fully Paid Ordinary Shares)

For and on behalf of Radar Iron Ltd

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Jonathan Lea Director

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