15 January 2015
Manager of Company Announcements
Australian Securities Exchange
Level 6, 20 Bridge Street
Sydney NSW 2000
By E-Lodgement
Issued Capital
The Company has reconciled its issued capital and released from escrow
25,000,000 fully paid ordinary shares.
Following the reconciliation and release from escrow, the Company will have a
total of 119,625,361 ordinary shares on issue. Application will be made for the
escrow shares to be admitted to trading on the ASX and AIM. Trading in the
shares is expected to commence on AIM on or around 21 January 2015.
For and on behalf of the Board
Peter Landau
Executive Director
For further information please visit www.blackmountainresources.com.au or contact:
Black Mountain Resources Limited Nominated Advisor
Peter Landau RFC Ambrian Limited
Executive Director Oliver Morse and Trinity McIntyre
T: +61 (8) 9488 5220 T: +61 (8) 9480 2500
Media (Australia) Media (UK)
PPR St Brides Media & Finance Limited
David Tasker Elisabeth Cowell
T: +61 (8) 9388 0944 T: +44 (0) 207 236 1177
Joint Broker (UK) Joint Broker (UK)
Westhouse Securities Limited Hume Capital Securities plc
Martin Davison Jon Belliss
T: +44 (0) 207 601 6100 T: +44 (0) 203 693 1493
About Black Mountain Resources Limited
Black Mountain Resources Limited is a dual listed (ASX | AIM: BMZ) silver and
gold focused development company focussed on the advancement of three highly
prospective previously operating assets located in two of the world's most
developed and proven silver and gold mining regions of Idaho and Montana, USA.
The Company holds a 70% interest in the New Departure Silver Project, the
Conjecture Silver Project and the Tabor Gold and Silver Project pursuant to 45
year leases from Chester Mining Company, Lucky Friday Extension Mining Company
and Brush Prairie Minerals respectively. Black Mountain plans to implement low
cost production and development programmes across all three assets. It is also
implementing exploration programmes to capitalise on the exploration upside
potential apparent across its portfolio.
Black Mountain Resources Limited was incorporated on 29 October 2010 and is
listed on the Australian Securities Exchange (ASX) and London's AIM Market -
trading codes BMZ and BMZO.
Forward Looking Statement
Certain statements made during or in connection with this communication,
including, without limitation, those concerning the economic outlook for the
silver market, expectations regarding silver ore prices, production, cash costs
and other operating results growth prospects and the outlook of the Company's
operations including the likely commencement of commercial operations of the
New Departure and Conjecture Silver Projects, its liquidity and the capital
resources and expenditure, contain or comprise certain forward-looking
statements regarding the Company's development and exploration operations
economic performance and financial condition. Although the Company believes
that the expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will prove to have
been correct. Accordingly, results could differ materially from those set out
in the forward-looking statements as a result of, among other factors, changes
in economic and market conditions, success of business and operating
initiatives, changes in the regulatory environment and other government
actions, fluctuations in silver ore prices and exchange rates and business and
operational risk management. For a discussion of such factors refer to the
Company's most recent annual report and half year report. The Company
undertakes no obligation to update publicly or release any revisions to these
forward-looking statements to reflect events or circumstances after today's
date or to reflect the occurrence of unanticipated events.
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
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 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30
/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13
Name of entity Black Mountain Resources Limited
ABN 55 147 106 974
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 Refer to Part 3 - Fully paid ordinary
issued or to be issued shares released from escrow
2 Number of +securities
issued or to be issued (if
known) or maximum number
which may be issued
3 Principal terms of the
+securities (e.g. 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)
4 Do the +securities rank
equally in all respects
from the +issue date 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) or
interest payment
* the extent to which
they do not rank
equally, other than in
relation to the next
dividend, distribution
or interest payment
5 Issue price or
consideration
6 Purpose of the issue
(If issued as consideration
for the acquisition of
assets, clearly identify
those assets)
6a Is the entity an +eligible No
entity that has obtained
security holder approval
under rule 7.1A?
If Yes, complete sections
6b - 6h in relation to the
+securities the subject of
this Appendix 3B, and
comply with section 6i
6b The date the security N/A
holder resolution under
rule 7.1A was passed
6c Number of +securities N/A
issued without security
holder approval under rule
7.1
6d Number of +securities N/A
issued with security holder
approval under rule 7.1A
6e Number of +securities N/A
issued with security holder
approval under rule 7.3, or
another specific security
holder approval (specify
date of meeting)
6f Number of +securities N/A
issued under an exception
in rule 7.2
6g If +securities issued under N/A
rule 7.1A, was issue price
at least 75% of 15 day VWAP
as calculated under rule
7.1A.3? Include the +issue
date and both values.
Include the source of the
VWAP calculation.
6h If +securities were issued N/A
under rule 7.1A for
non-cash consideration,
state date on which
valuation of consideration
was released to ASX Market
Announcements
6i Calculate the entity's
remaining issue capacity
under rule 7.1 and rule
7.1A - complete Annexure 1
and release to ASX Market
Announcements
7 +Issue dates
Note: The issue date may
be prescribed by ASX
(refer to the definition
of issue date in rule
19.12). For example, the
issue date for a pro rata
entitlement issue must
comply with the
applicable timetable in
Appendix 7A.
Cross reference: item 33
of Appendix 3B.
Number +Class
8 Number and +class of all 119,625,361 Fully Ordinary
+securities quoted on ASX Shares
(including the 51,123,750
+securities in section 2 Options ($0.20; 7
if applicable) May 2015)
Number +Class
9 Number and +class of all 2,000,000 Unlisted options
+securities not quoted on
ASX (including the 5,000,000 ($0.12; 31 March
+securities in section 2 2017)
if applicable) 500,000
Unlisted options
2,000,000 ($0.10; 30 November
2016)
Unlisted options
($0.25; 25 July
2016)
Unlisted options
($0.30; 14 November
2015)
10 Dividend policy (in the
case of a trust,
distribution policy) on
the increased capital
(interests)
Part 2 - Pro rata issue
11 Is security holder approval N/A
required?
12 Is the issue renounceable N/A
or non-renounceable?
13 Ratio in which the N/A
+securities will be offered
14 +Class of +securities to N/A
which the offer relates
15 +Record date to determine N/A
entitlements
16 Will holdings on different N/A
registers (or subregisters)
be aggregated for
calculating entitlements?
17 Policy for deciding N/A
entitlements in relation to
fractions
18 Names of countries in which N/A
the entity has security
holders who will not be
sent new offer documents
Note: Security holders must
be told how their
entitlements are to be
dealt with.
Cross reference: rule 7.7.
19 Closing date for receipt of N/A
acceptances or
renunciations
20 Names of any underwriters N/A
21 Amount of any underwriting N/A
fee or commission
22 Names of any brokers to the N/A
issue
23 Fee or commission payable N/A
to the broker to the issue
24 Amount of any handling fee N/A
payable to brokers who
lodge acceptances or
renunciations on behalf of
security holders
25 If the issue is contingent N/A
on security holders'
approval, the date of the
meeting
26 Date entitlement and N/A
acceptance form and offer
documents will be sent to
persons entitled
27 If the entity has issued N/A
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 N/A
begin (if applicable)
29 Date rights trading will N/A
end (if applicable)
30 How do security holders N/A
sell their entitlements in
full through a broker?
31 How do security holders N/A
sell part of their
entitlements through a
broker and accept for the
balance?
32 How do security holders N/A
dispose of their
entitlements (except by
sale through a broker)?
33 +Issue date N/A
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
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
Entities that have ticked box 34(b)
38 Number of +securities for 25,000,000
which +quotation is sought
39 +Class of +securities for Fully paid ordinary shares
which quotation is sought
40 Do the +securities rank Yes
equally in all respects
from the +issue date 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) or
interest payment
* the extent to which
they do not rank
equally, other than in
relation to the next
dividend, distribution
or interest payment
41 Reason for request for End of restriction period
quotation now
Example: In the case of
restricted securities, end
of restriction period
(if issued upon conversion
of another +security,
clearly identify that other
+security)
Number +Class
42 Number and +class of all 119,625,361 Fully Ordinary Shares
+securities quoted on ASX
(including the +securities 51,123,750 Options ($0.20; 7 May
in clause 38) 2015)
Quotation agreement
1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX
may quote the +securities on any conditions it decides.
2 We warrant the following to ASX.
• The issue of the +securities to be quoted 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.
Note: An entity may need to obtain appropriate warranties from subscribers for
the securities in order to be able to give this warranty
• 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.
• 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 is not available now, we 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.
Sign here: ............................................................
Date: 15 January 2015
Jane Flegg (Company Secretary)
Print name:
.........................................................