Silver Mines
LSE : SVLP

May 02, 2012 04:01 ET

Formal Notice re Lapse of Options

2 May 2012
To: Company Announcement Officer


                         LAPSE OF SILVER MINES LIMITED 1 MAY 2012 UNLISTED OPTIONS

Silver Mines Limited (ASX Code: SVL) advises that 5,000,000 unlisted options, exercisable at $0.35 and
expiring 1 May 2012, have lapsed. The options have lapsed in accordance with the terms of the Options.

The following tables provide a summary of quoted and unquoted securities as at 2 May 2012:

Quoted Securities
Number & class of all securities quoted on ASX:

Number           Class
136,106,168      Fully Paid Ordinary Shares.
6,727,975        Options, listed, exercise price 35 cents, expiring 31 October 2012.

Unquoted Securities
Number & class of all securities not quoted on ASX:

Number           Class
3,500,000        Employee Options, exercise price 20 cents, expiry 6 July 2012.
2,000,000        Unlisted Options, exercise price 24 cents, expiry 27 August 2012.
2,000,000        Unlisted Options, exercise price 40 cents, expiry 27 August 2013.
8,500,000        Unlisted Employee Options, exercise price 50 cents, expiry 23 December 2015.
3,000,000        Performance Rights


Yours sincerely




Kevin Lynn
Company Secretary

Contact Information

  • Silver Mines