Entitlement Issue Prospectus

For a non-renounceable entitlement issue of one (1) Share for every three (3) Shares held by those Shareholders registered at the Record Date at an issue price of $0.002 per Share, together with one (1) New Option for every two (2) Shares applied for and issued exercisable at $0.003 per New Option on or before the date that is three (3) years from the date of issue (Offer).

IMPORTANT NOTICE

This document is important and should be read in its entirety. If, after reading this Prospectus you have any questions about the Securities being offered under this Prospectus or any other matter, then you should consult your professional advisers without delay.

The Securities offered by this Prospectus should be considered as highly speculative.

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