ZEOTECH LIMITED — Capital/Financing Update 2015

Nov 8, 2015

==> picture [595 x 107] intentionally omitted <==

9 November 2015

Proposed Rights Issue

Laconia Resources Limited ( Laconia or the Company ) advises that it proposes to undertake a pro rata non-renounceable entitlement issue of approximately 245,087,553 ordinary fully paid shares ( New Shares ) on the basis of one (1) New Share for every three (3) Shares held by Eligible Shareholders on the Record Date at an issue price of $0.002 per New Share, to raise up to approximately $490,175 ( Rights Issue or Offer ).

New Shares issued under the Rights Issue will rank equally with existing Shares on issue and the Company will apply for official quotation of the New Shares.

Optionholders are not entitled to participate in the Rights Issue without first exercising their options to be registered as a shareholder (in Australia or New Zealand) on the Record Date, in accordance with the terms and conditions of the options.

The proposed terms of the offer will be as follows:

The proposed terms of the offer will be as follows:
Type of Offer:	Pro-rata non-renounceable
Eligible participants:	Shareholders on the Record Date and whose registered addresses are in Australia or New Zealand
Basis of entitlement:	One (1) New Share for every three (3) existing Shares
Number of existing Shares:	735,262,660
Number of new Shares (full subscription):	245,087,553
Record Date to determine entitlements:	To be advised
Issue price:	$0.002 per new share

Funds raised from the issue of $490,175 (before costs) will be used to maintain the company’s administration, meet its current commitments, working capital purposes and ensure the Company has sufficient funds to review new investment opportunities.

An offer document for the issue will be lodged with ASX shortly, along with an indicative timetable for the capital raising.

For further information please contact:

Neville Bassett Company Secretary

Telephone: (08) 9486 7066 Facsimile: (08) 9486 8066 Website: www.laconia.com.au