Prospectus for non-renounceable rights issue of 2 New Shares for every 3 fully paid ordinary shares held at 0.6 cents per New Share to raise approximately $3.8 million before expenses.
Subscribers for New Shares will receive, at no cost, 1 New Option for every 2 New Shares issued to them at an exercise price of approximately 2 cents.
This Offer is partially underwritten.
There is no minimum subscription and Eligible Shareholders may apply for Additional New Shares in excess of their Entitlement.
The last date for applications and payment to be received is 5:00pm on 27 September 2011 (unless extended).
This is an important document and requires your immediate attention. It should be read in its entirety. If you are in doubt about what to do, you should consult your professional adviser without delay. The New Shares and New Options offered under this Prospectus should be considered as speculative.
Download (PDF): ECT Rights Issue Prospectus