New issue announcement
Appendix 3B
New issue announcement, application for quotation of additional securities and agreement
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002.
Name of entity
| AUSTRALIAN MINES LIMITED |
ABN
| 68 073 914 191 |
We (the entity) give ASX the following information.
Part 1 - All issues
You must complete the relevant sections (attach sheets if there is not enough space).
| 1 | Class of securities issued or not to be issued | Ordinary |
| 2 | Number of securities issued or to be issued (if known) or maximum number which may be issued | 19,780,00 |
| 3 | Principal terms of the securities (eg, if options, exercise price and expiry date; if partly paid securities, the amount outstanding and due dates for payment; if convertible securities, the conversion price and dates for conversion) | Ordinary Fully Paid Share |
| 4 | Do the securities rank equally in all respects from the date of allotment with an existing class of quoted securities? If the additional securities do not rank equally, please state: * the date from which they do * the extent to which they participate for the next dividend (in the case of a trust, distribution) * the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment. |
Yes |
| 5 | Issue price or consideration | 17,500,000 shares for $436,083 2,280,000 for $22,800 |
| 6 | Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) | Repay mining contractor and place shares with shareholder incorrectly omitted from entitlement issue |
| 7 |
Dates of entering securities into uncertificated holdings or despatch of certificates |
| 8 | Number and class of all securities quoted on ASX (including the securities in clause 2 if applicable) |
Number 454,558,396 |
Class Ordinary fully paid (AUZ) |
| 9 | Number and class of all securities not quoted on ASX (including the securities in clause 2 if applicable) |
Number 15,400,001
37,500,000
500,000
|
Class Options expiring 31 December 2005 exercisable at $0.20 |
| 10 | Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests) | N/A |
Part 2 - Bonus issue or pro rata issue
| 11 | Is security holder approval required? | N/A |
| 12 | Is the issue renouncable or non-renouncable? | |
| 13 | Ratio in which the securities will be offered | |
| 14 | Class of securities to which offer relates | |
| 15 | Record date to determine entitlements | |
| 16 | Will holdings on different registers (or subregisters) be aggregated for calculating entitlements? | |
| 17 | Policy for deciding entitlements in relation to fractions | |
| 18 | Names of countries in which the entity has security holders who will not be sent new issue documents | |
| 19 | Closing date for receipt of acceptances or renunciations | |
| 20 | Names of any underwriters | |
| 21 | Amount of any underwriting fee or commission | |
| 22 | Names of any brokers to the issue |
|
| 23 | Fee or commission payable to the broker to the issue | |
| 24 | Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of security holders | |
| 25 | If the issue is contingent on security holders' approval, the date of the meeting | |
| 26 | Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled | |
| 27 | If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders | |
| 28 | Date rights trading will begin (if applicable) | |
| 29 | Date rights trading will end (if applicable) | |
| 30 | How do security holders sell their entitlements in full through a broker? | |
| 31 | How do security holders sell part of their entitlements through a broker and accept for the balance? | |
| 32 | How do security holders dispose of their entitlements (except by sale through a broker)? | |
| 33 | Despatch date |
Part 3 - Quotation of securities
You need only complete this section if you are applying for quotation of securities
34 Type of securities
(tick one)
(a) Securities described in Part 1
(b) All other securities
Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities
Entities that have ticked box 34 (a)
Additional securities forming a new class of securities
(If the additional securities do not form a new class, go to 43)
Tick to indicate you are providing the information or documents
35 If the securities are equity securities, the names of the 20 largest holders of the additional securities, and the number and percentage of additional securities held by those holders
36 If the securities are equity securities, a distribution schedule of the additional securities setting out the number of holders in the categories
1-1,000
1,001-5,000
5,001-10,000
10,001-100,000
100,001 and over
37 A copy of any trust deed for the additional securities
(now go to 43)
Entitities that have ticked box 34 (b)
| 38 | Number of securities for which quotation is sought | N/A | |
| 39 | Class of securities for which quotation is sought | ||
| 40 |
Do the securities rank equally in all respects from the date of allotment with and existing class of quoted securities? If the additional securities do not rank equally, please state:* the date from which they do * the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment * the extent to which they do not rank equall, other than in relation to the next dividend, distribution or interest payment |
||
| 41 |
Reason for request for quotation now (if issued upon conversion of another security, clearly identify that other security) |
||
| 42 | Number and class of all securities quoted on ASX (including the securities in clause 38) | Number | Class |
- The issue of the securities to be qupted complies with the law and is not for an illegal purpose
- There is no reason why those securities should not be granted quotation.
- An offer of the securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.
- Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any securities to be quoted and that no-one has any right to return any securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the securities be quoted.
- We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the securities to be quoted, it has been provided at the time that we request that the securities be quoted.
- If we are a trust, we warrant that no person has the right to return the securities to be quoted under section 1019B of the Corporations Act at the time that we request that the securities be quoted.
3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before quotation of the securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.
Brett Young
Company Secretary
13 September 2005
Australian Mines has achieved its best quarterly production result since the June 2005 quarter at the 100%-owned Blair Mine, located 32 kms from Kalgoorlie in W.A.
Australian Mines continues to intersect significant mineralisation in its 2008 resource drilling at Blair Deeps at the Blair Mine, located 32km from Kalgoorlie WA.
Australian Mines (ASX:AUZ) has recommenced 2008 resource definition drilling at Blair Deeps with drilling initially targeting the high grade E03C shoot below current workings at the Blair Nickel Mine located 32kms from Kalgoorlie.
Australian Mines is forecasting a continuation of improving production at its 100%-owned and operated Blair Nickel Mine following good progress with the development of the Blair Deeps orebody.
Australian Mines (ASX:AUZ) is pleased to announce a 25% increase in resources at its 100% owned Marriott's nickel project, following the completion of Phase 1 infill diamond drilling
Australian Mines Limited (ASX: AUZ) is pleased to announce another impressive high grade intercept from resource definition diamond drilling at the Marriott's nickel project, which is 65 km from Leinster in W.A.