The Company announces that on 22 December 2006 the Company placed 28,571,429
ordinary shares at 0.35p per share with investors to raise 100,000. The
placing has been conducted pursuant to an authority granted to the directors on
1 December 2006 and forms part of the new equity capital referred to in its
announcement of 6 November 2006 with regard to the AGM.
Application will be made to London Stock Exchange for 28,571,429 Ordinary
Shares to be admitted to trading on the AIM Market and dealings are expected to
commence on 15 January 2007.
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