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

BackSep 19, 2012
Part I
1. Date of notice to issuer 19/09/2012
2. Name of Substantial Shareholder 1413783 Ontario Inc.
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 Interest 17/09/2012
2. The change in the percentage level From 21.53 % To 14.31 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Exercise of warrants by other warrantholders.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: The change in percentage is the result of an exercise of warrants by other warrantholders and disposal of 17,127,000 warrants by 1413783 Ontario Inc.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 40,915,360 0
As a percentage of issued share capital 21.53 % 0 %
No. of shares held after the change 23,788,360 0
As a percentage of issued share capital 14.31 % 0 %
Footnotes (1) Parts III and IV relate to information on warrants.

(2) Percentage before change is based on 189,980,824 warrants as at 8 June 2012.

(3) Percentage after change is based on 166,185,324 warrants as at 19 September 2012.

(4) Notification was only provided to the Company on 19 September 2012 on the disposal of warrants by 1413783 Ontario Inc.


Notes:

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor ("Sponsor"), Asian Corporate Advisors Pte. Ltd.,for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("Exchange"). The Company's Sponsor has not independently verified the contents of this announcement including the correctness of any of the figures used, statements or opinions made.

This announcement has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Foo Quee Yin.
Telephone number: 6221 0271