Placing and Update on Acquisition

The Company announces that it has completed a placing, conditional only on Admission, to raise £555,000.00 from the issue of 2,220,000,000 new ordinary shares of 0.004p each (“Ordinary Shares”) at a price of 0.025p per share, through Hybridan LLP (the “Placing”). Application has been made for the new Ordinary Shares to be admitted to trading on AIM and dealing is expected to commence on 28th September 2016.

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