Silver Mines
LSE : SVLP

October 02, 2009 04:37 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   Listed Ordinary Fully Paid Shares
      be issued                             
      
                                            
 2    Number  of +securities issued or to   7,900,000
      be  issued  (if known)  or  maximum
      number which may be issued
      
                                            
 3    Principal  terms of the +securities   Listed Ordinary Fully Paid Shares
      (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   Yes
       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) 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          4 cents per share
       
                                             
  6    Purpose of the issue                  
       (If issued as consideration for the   Placement  - Drilling and exploration New England
       acquisition   of  assets,   clearly
       identify those assets)
       
       
       
                                            
  7      Dates   of  entering  +securities   2 October 2009
         into  uncertificated holdings  or
         despatch of certificates
         
                                             
                                             Number                    +Class
  8      Number   and   +class   of    all   60,597,505                Fully Paid Ordinary
         +securities   quoted    on    ASX                             Shares
         (including   the  securities   in
         clause 2 if applicable)                                       Listed Options, exercise
                                             17,320,000                price 20 cents, expiring
                                                                       30 Nov 2009
                                                                       
                                                                       Unlisted Options,
                                             2,000,000                 exercise price 25 cents,
                                                                       expiring 30 Nov 2009
                                                                       
                                             300,000                   Unlisted Options
                                            
                                             
 
 
 
 
 
 
 
 
 
                                             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)    x     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   which      
         +quotation is sought
         
                                              
 39      Class   of  +securities  for  which       
         quotation is sought                       
         
                                              
 40      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) 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                                  
         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)
         
         
         
 
 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:    2 October 2009
                     (Director/Company Secretary)
 
 Print name:         Kevin Martin Lynn
                                             
                                             
                                             
                                             
                                             
+ See chapter 19 for defined terms.

Contact Information

  • Silver Mines