Silver Mines
LSE : SVLP

June 15, 2009 06:58 ET

Issue of Equity

                                                                             Appendix 3B
                                                                  New issue announcement
                                                        
                                                        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 1/7/96.  Origin: Appendix 5.  Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001,
11/3/2002, 1/1/2003, 24/10/2005.


Name of entity
Silver Mines Limited

ACN
107 452 942

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 to be issued 
  
2  Number  of +securities issued or to be issued
   (if known) or maximum number which may be 
   issued 
  
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) 
 
 
4  Do the +securities rank equally in all respects
   from the date of allotment with an existing
   +class of quoted +securities?                       Yes
        
   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)    
     
7  Dates of entering +securities into uncertificated
   holdings or despatch of certificates  
     
                                                           Number        +Class
8  Number and +class of all +securities quoted on ASX
   (including the securities in clause 2 if applicable)     
 
                                                           Number        +Class
9  Number and +class of all +securities not quoted on
   ASX (including the securities in clause 2 if
   applicable)     
     
10 Dividend policy (in the case of a trust, 
   distribution policy) on the increased capital
   (interests)  
 

Part 2    Bonus issue or pro rata issue
 
11 Is security holder approval required?   
     
12 Is the issue renounceable or non-renounceable?  
     
13 Ratio in which the +securities will be offered  
     
14 +Class of +securities to which the 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
         
    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 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)  x 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 which
   +quotation is sought                     1. 1,643,750 Ordinary fully paid shares
                                            2. 5,685,000 Listed Options exercise price 
                                               20 cents, expiring 30 Nov 2009
                                            3. 2,000,000 Listed Options exercise price 
                                               25 cents, expiring 30 Nov 2009
     
39 Class of +securities for which
   quotation is sought                      1. Ordinary fully paid shares
                                            2. Listed Options exercise price 20 cents, 
                                               expiring 30 Nov 2009
                                            3. Listed Options exercise price 25 cents, 
                                               expiring 30 Nov 2009
     
40 Do the +securities rank equally          1. Yes
   in all respects from the date of         2. Yes
   allotment with an existing               3. Yes
   +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 quotation now       Release from Escrow

   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 +securities 
   quoted on ASX (including the securities 
   in clause 38)                             48,802,500           Fully Paid Ordinary Shares
   
                                             17,320,000           Listed Options, exercise price 20
                                                                  cents, expiring 30 Nov 2009
                                             
                                             2,000,000            Listed Options, exercise price 25 
                                                                  cents, expiring 30 Nov 2009
                                             
                                             300,000              Unlisted Options

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 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.


Sign here:  ......................................................    Date:    9 June 2009
                   (Director/Company Secretary)

Print name:      Kevin Martin Lynn

+See chapter 19 for defined terms

Contact Information

  • Silver Mines