Silver Mines Limited

Silver Mines Limited

September 09, 2008 07:53 ET

Fthr re Share Purchase Plan

1220961006978-SVL_Ann_080909_02_word[1]                                                               Page 1 of 1

                                                 ASX ANNOUNCEMENT
                                                 9 September 2008
Share Purchase Plan - Closing Date Extended

Due to release of the Company's first resource statement, the Directors have agreed to extend the timetable for the
Share Purchase Plan announced 20 August 2008 forward by fourteen (14) days to allow Shareholders to time access the
announcement and participate in the Share Purchase Plan.

The SPP will enable each existing eligible Shareholder, irrespective of the size of their shareholding, to purchase
up to $5,000 worth of Shares in SVL (ranking equally with existing fully paid ordinary Shares) at an attractive
price, free of all brokerage and commissions.

Under the SPP, eligible Shareholders will be offered new Shares for subscription at 8 cents (Australian) per share.

Funds raised under the SPP will be used to enable SVL to push ahead with our silver exploration programmes,
complete a scoping study at the Webbs Silver Project and fund working capital.

Please  note the closing date for the SPP by which your application and cheque must be received will be  5:00  p  m
Sydney time on Monday, 29 September 2008. If this date changes, an announcement will be made on ASX.

Key dates*

Event                                Date                                 Description
Record Date                          Wednesday, 20 August 2008            Date for determining Eligible
Closing Date                         Monday, 29 September 2008            Offer closes at 5:00pm Sydney time
                                                                          on this date
Issue and allot shares               Friday, 3 October 2008               Shares to be issued under the Plan
                                                                          are allotted
Apply to ASX for quotation of        Friday, 3 October 2008               Apply to ASX for quotation of
Shares                                                                    Shares
Despatch Date                        Monday, 6 October 2008               Confirmation of transaction
                                                                          despatched to shareholders

On behalf of the Board, I invite you to consider this opportunity to increase your investment in SVL.

If you have any questions on the proposed SPP, please call the Company's share registry on +61 2 9290 9600 during
normal business hours.

We at SVL look forward to your continued support.

David Sutton


Contact Information

  • Silver Mines