Shares on issue 152.5m
Unlisted options 8.4m
ShareholdersTop 20 Hold 37.5%
Key Projects / Metals• Unicorn Porphyry Mo-Cu-Ag
• Morgan Porphyry Mo-Ag-Au
• Mountain View Lode - Au
Mo - Molybdenum
Cu - Copper
Au - Gold
Ag - Silver
Board & Management
Chairman
Mr Chris Bain
MD and CEO
Mr Lindsay Ward
Executive Directors
Mr Dean Turnbull
Manager - Exploration
Non-Executive Directors
Mr Stephen Poke
Mr Richard Udovenya
Contact Details
Dart Mining NL Level 2
395 Collins Street
Melbourne VIC 3000
Australia
Mr Lindsay Ward
Phone: +61 (0)3 9620 0033
Email: lward@westnet.com.au
Visit our webpage:
www.dartmining.com.au
$1.54m RECEIVED FROM 2011 OPTION CONVERSION
• $1.54m raised for further Unicorn drilling and working
capital
• Drilling to commence in late February
• Resource upgrade planned for Quarter 3, 2012
• Cash at Bank - $2.4 million
Dart Mining NL ("Company") is pleased to advise that it has raised $1.54 million (before expenses) from the exercise and underwriting of its 15.4 million listed options which expired on 31 December 2011.
Optionholders exercised 10,382,327 options (which resulted in that number of fully paid ordinary shares being issued), which raised $1,038,233.
As previously announced on 26 September 2011, Bell Potter Securities Limited ("Bell Potter") entered into an underwriting agreement with the Company whereby Bell Potter agreed to underwrite the 15.4 million (approximately) listed options each of 10 cents ($0.10) that were on issue at the date of the agreement. The options not exercised by optionholders ("shortfall") was 5,039,794. Bell Potter has now made valid applications for this shortfall in the terms of the underwriting agreement, resulting in
5,039,794 fully paid ordinary shares now having been issued to Bell Potter, raising a further $503,979 (before expenses).
The capital raising will assist Dart Mining's Unicorn drilling program planned
to commence in February 2012, regional exploration work and add to working capital.
The exercise and underwriting of the options resulted in Dart Mining's cash at bank growing to $2.4million.
"Bell Potter's ongoing support is greatly appreciated by Dart Mining," said
Lindsay Ward, Managing Director of Dart Mining. "We are optimistic about
2012, and shareholders can look forward to the outcomes of the 2012 drilling program, as Dart Mining futher develops the Unicorn Deposit into what could
become a world-class molybdenum + copper + silver project in northeast
Victoria."
About Molybdenum
Molybdenum is both a traditional and new age / future metal
with unique characteristics. Its primary use is as an
essential metal in the manufacture of steel where it adds
strength, hardness and toughness as well as increasing steels
resistance to corrosion. Molybdenum also has a range of
chemical uses including acting as s a catalyst to remove
impurities, including sulphur, during crude oil production.
Molybdenum is also used in the paint and plastics
industry.
Molybdenum has a growing use in the renewable energy sector
where it is used in
the manufacture of solar panels and has a potential use as
the electrode plate for the separation of hydrogen and oxygen
to produce hydrogen energy. Molybdenum is
also used in nano technologies to make electrical goods
smaller.
Molybdenum is traded on the LME and has worldwide demand of ~
220,000 tonnes pa that is growing at 5% pa.
About Dart Mining
Dart Mining NL (ASX:DTM), a Victorian-based exploration
company, has discovered a new mineralised province hosting
molybdenum (Mo) + copper (Cu) + silver (Ag) mineralised
climax style porphyry igneous intrusive. The Dart Mining
mineral province occurs within the Lachlan Fold Belt near
Corryong in north east Victoria and is the only known
Australian host of Climax style porphyries which are proven
hosts of world class mines around the world. The Lachlan Fold
Belt and Gilmore suture that cross from NSW into Dart
Mining's tenements in Victoria are proven hosts of
substantial porphyry mines including North Parkes, Cadia and
Ridgeway in NSW and the Benambra VMS to the south of Dart
Mining's tenements in Victoria.
Dart Mining recently announced its maiden JORC Resource for
its principal project Unicorn, which has very strong
geological similarities to the world class Henderson primary
Mo mine in Colorado, USA. Dart Mining tenements remain
largely underexplored and the potential for identifying
additional mineralised porphyries is very strong.
Dart Mining also has two gold projects including Mountain
View where drilling identified high-grade gold along a 150
metre strike with results including 6m @ 7.8 g/t Au
(including 2m @ 19.3 g/t Au) and 4m @ 8.72 g/t Au (including
1m @ 18.75 g/t Au) as well as the Fairley's disseminated gold
prospect where drilling has confirmed the presence of a very
large (up to 22 metres in width) disseminated sulphide
related gold system.
12 January 2012
CORPORATIONS ACT 2001 (Cth) NOTICE UNDER SECTION 708ADart Mining NL ACN 119 904 880 (Company) today issued 5,039,794 ordinary shares (Shares) each credited as fully paid, in terms of an underwriting agreement entered into with Bell Potter Securities Limited.
The Company gives this notice under section 708A(5)(e) of the Corporations Act 2001
(Cth)(Corporations Act).
The Shares were issued without disclosure to investors under Part 6D.2 of the
Corporations Act, in reliance on section 708A(5) of the Corporations Act.
The Company, as at the date of this notice, has complied with:
(a) the provisions of Chapter 2M of the Corporations Act as they apply to the
Company; and
(b) Section 674 of the Corporations Act.
There is no excluded information as at the date of this notice for the purposes of sections
708A(7) and 708A(8) of the Corporations Act.
Yours sincerely,
Andrew Draffin Company Secretary Dart Mining NL
Level 2, 395 Collins Street Melbourne, Victoria, 3000, Australia
TELEPHONE +61 3 9621 1299 FACSIMILE +61 3 9620 0070 EMAIL info@dartmining.com.au WEB www.dartmining.com.au ACN 119 904 880
Appendix 3B
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
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
Dart Mining NL
ABN
84 119 904 880
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
Fully Paid Ordinary Securities
2 Number of +securities issued or to be issued (if known) or maximum number which may be issued
5,039,794 Fully Paid Ordinary Securities.
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)
Fully Paid Ordinary Securities.
Appendix 3B New issue announcement
4 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
Yes.
5 Issue price or consideration $0.10 per
share.
6 Purpose of the issue
(If issued as consideration for the acquisition of assets,
clearly identify those assets)
Pursuant to the option underwriting agreement dated 26 September 2011.
7 Dates of entering +securities into uncertificated holdings or despatch of certificates
12 January 2012
8 Number and +class of all
+securities quoted on ASX (including the securities in clause 2 if applicable)
+ See chapter 19 for defined terms.
Appendix 3B Page 2 1/1/2003
Appendix 3B New issue announcement
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)
No change
Part 2 - Bonus issue or pro rata issue
11 Is security holder approval required? N/A
12 Is the issue renounceable or non- renounceable?
N/A
13 Ratio in which the +securities will be offered
N/A
14 +Class of +securities to which the offer relates
N/A
15 +Record date to determine entitlements
N/A
16 Will holdings on different registers (or subregisters) be
aggregated for calculating entitlements?
N/A
17 Policy for deciding entitlements
in relation to fractions N/A
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.
N/A
+ See chapter 19 for defined terms.
24/10/2005Appendix 3B Page 3
Appendix 3B New issue announcement
19 Closing date for receipt of acceptances or renunciations
N/A
20 Names of any underwriters N/A
21 Amount of any underwriting fee or commission
N/A
22 Names of any brokers to the
issue N/A
23 Fee or commission payable to the broker to the issue
N/A
24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of +security holders
N/A
25 If the issue is contingent on
+security holders' approval, the date of the meeting
N/A
26 Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled
N/A
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
N/A
28 Date rights trading will begin (if applicable)
N/A
29 Date rights trading will end (if applicable)
N/A
30 How do +security holders sell their
entitlements in full through a broker?
N/A
+ See chapter 19 for defined terms.
Appendix 3B Page 4 1/1/2003
Appendix 3B New issue announcement
31 How do +security holders sell part of their entitlements through a broker and accept for the balance?
N/A
32 How do +security holders dispose of their entitlements (except by sale through a broker)?
N/A
33 +Despatch 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
+ See chapter 19 for defined terms.
24/10/2005Appendix 3B Page 5
Appendix 3B New issue announcement
Entities that have ticked box 34(b)
38 Number of securities for which
+quotation is sought N/A
39 Class of +securities for which quotation is
sought N/A
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
N/A
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)
N/A
42 Number and +class of all
+securities quoted on ASX (including the securities in clause
38)
+ See chapter 19 for defined terms.
Appendix 3B Page 6 1/1/2003
Appendix 3B New issue announcement
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: 12 January 2012
Company secretary
Print name: Andrew Draffin
+ See chapter 19 for defined terms.
24/10/2005Appendix 3B Page 7
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Documents associés | |
$1.54m received from 2011 option conversion -- 12 Jan 2012 |