Prospectus for the issue of up to 20,000,000 Shares at an issue price of $0.20 each to raise a total of up to $4,000,000 with the right to accept over-subscriptions of 5,000,000 Shares at an issue price of $0.20 each to raise an additional $1,000,000.

Shares offered by this Prospectus should be considered speculative.

This document is important and requires your immediate attention.

It should be read in its entirety. If you do not understand its contents or are in doubt as to the course you should follow, you should consult your stockbroker or professional adviser.