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Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest

BackSep 27, 2012
Part I
1. Date of notice to issuer 27/09/2012
2. Name of Substantial Shareholder Robert William Livingston
3. Notice Type Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest.
Part II - Not Required
Part III
1. Date of change of Deemed Interest 25/09/2012
2. The change in the percentage level From 28.54 % To 23.78 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Allotment of 19,223,250 shares via a placement agreement with two new shareholders. Robert William Livingston is a director of Merlion, LP and deemed to have interest in the 26,250,000 shares held by Merlion, LP by virtue of him holding 100% of its voting shares with his wife, Mary Isabella Livingston.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: One transaction
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 1,178,180 26,250,000
As a percentage of issued share capital 1.23 % 27.31 %
No. of shares held after the change 1,178,180 26,250,000
As a percentage of issued share capital 1.02 % 22.76 %