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ZOONO GROUP LIMITED Capital/Financing Update 2013

Feb 7, 2013

66124_rns_2013-02-07_ff92a250-1ea8-49f6-ba0c-998657d374d2.pdf

Capital/Financing Update

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8 February 2013

The Manager, ASX Market Announcements Australian Securities Exchange Level 4, 20 Bridge Street SYDNEY NSW 2000 Via ASX Online

Number of pages - 1

Dear Sir,

Outcome of rights issue

The directors of Goldsearch Limited advise that the outcome of the Company’s recent 1 for 1 nonrenounceable rights issue which closed on 5 February 2013 is as follows:

  • A total of 533,276,517 new shares and options were offered in the issue.

  • Acceptances were received for a total of 127,126,200 new shares and options.

  • Additional applications were received for a total of 33,235,825 shares and options over and above shareholder entitlements.

  • Acceptances and additional applications totalled 160,362,025 shares and options which represents 30.07% of the total shares and options offered in the issue.

  • All shareholders that applied for additional shares and options (above their entitlement) will be allocated the shares and options that they applied for.

  • Under-subscriptions totalled 372,914,492 shares and options, which represents 69.93% of the shares and options offered.

  • The total sum raised from acceptances and additional applications was $1,603,620 before issue expenses.

As stated in the prospectus, the Directors have reserved the right to place any or all of the remaining shortfall shares and options at the same price of 1 cent per share and option for a period of 3 months from 5 February 2013.

A further announcement will be made when allotment is completed.

For and on behalf of Goldsearch Limited

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P S Hewson Secretary