+++++++++++++++++++++++++ APPENDIX 3B NEW ISSUE ANNOUNCEMENT
APPLICATION FOR QUOTATION OF ADDITIONAL SECURITIES AND AGREEMENT
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
We (the entity) give ASX the following information.
PART 1 - ALL ISSUES You must complete the relevant sections (attach sheets if there is not enough space).
1. Class of securities issued Fully paid ordinary shares or to be issued And Options
2. Number of securities issued 3,999,993 fully paid ordinary or to be issued (if known) shares or maximum number which 3,999,993 unlisted options may be issued
3. Principal terms of the securities 3,999,993 fully paid ordinary (eg, if options, exercise price shares and expiry date; if partly paid 3,999,993 unlisted options to securities, the amount purchase fully paid outstanding and due dates for ordinary shares at payment; if convertible securities, $0.12 each, the conversion price and dates exercisable on or for conversion) before 16/06/2004.
4. Do the securities rank equally Yes in all respects from the date of allotment with an existing class of quoted securities
If the additional securities do not rank equally, please state: * the date from which they do * the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment * the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
5. Issue price or consideration $0.10 per share for one fully paid ordinary share and one free option
6. Purpose of the issue (if Working capital. issued as consideration for the acquisition of assets, clearly identify those assets)
7. Dates of entering securities 999,993 fully paid ordinary into uncertified holdings shares and options or despatch of certificates entered 17/06/2002
3,000,000 fully paid ordinary shares and options entered on a date to be advised
NUMBER CLASS 8. Number and class of all 159,119,231 Fully paid ordinary securities quoted on ASX (including the securities in clause 2 if applicable)
NUMBER CLASS 9. Number and class of all 12,600,000 Ordinary shares paid to securities not quoted 8 cents, 12 cents on ASX (including the unpaid securities in clause 2 if applicable) 10,000,000 Options expiring 28/02/2004 exercisable at 10 cents
5,999,994 Options expiring 28/04/2004 exercisable at 12 cents.
3,999,993 Options expiring 16/06/2004 exercisable at 12 cents