Sch 1 Update - Platinum Div

RNS Number:5245O
AIM
21 December 2006

AIM     SCHEDULE 1 - PRE-ADMISSION ANNOUNCEMENT




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In the case of queries please contact AIM on [phone]


ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH AIM RULE 2

ALL APPLICANTS MUST COMPLETE THE FOLLOWING:

COMPANY NAME:
PLATINUM DIVERSIFIED MINING INC.


COMPANY ADDRESS:
PO Box 709 G.T.

Zephyr House

Mary Street

Grand Cayman

Cayman Islands


COMPANY POSTCODE:
KY1-1107


COUNTRY OF INCORPORATION:
Cayman Islands


COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY TO BE DISCLOSED IN
ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (J) OF THE AIM RULES:
Platinum Diversified Mining was incorporated with the intention of acquiring metals and mining assets.  It was admitted
to trading on AIM on 14 March 2006.  The Company is to acquire Nord Resources Corporation, which owns a large copper
mine in Arizona, USA for a total consideration of $60m, certain to certain net asset adjustments.

Nord is a Delaware corporation which owns Johnson Camp, an open pit oxide copper mine near Tucson, Arizona, USA with
estimated proven and probable mining reserves of 35.1 million tons of copper at a grade of 0.393 per cent. total copper
(TCu) and at a copper price of $0.90 per pound (after pit optimization).  The Acquisition constitutes a reverse
takeover pursuant to the AIM Rules.  Full information regarding the acquisition was contained in the admission document
published on 23 October 2006.


DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price to which it
seeks admission and the number and type to be held as treasury shares):
12,418,752 ordinary shares of $0.001 each

9,935,000 warrants over ordinary shares


CAPITAL TO BE RAISED ON ADMISSION:
N/A


FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:
Mark Alan Nordlicht (Chairman)

Bobby Earl Cooper (Chief Executive Officer)

Thomas Alexander Loucks (President)

John Patrick Ryan (Chief Legal Officer)

Howard Mattes Crosby (Senior Vice President)

Brian Edward Burgess (Non-Executive Director)

John Joseph May (Non-Executive Director)


PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL
BEFORE AND AFTER ADMISSION:
Amaranth LLC                                          9.8%
DKR Soundshore Oasis Holding Fund                     5.0%
Highbridge International LLC                          3.0%
Investec Bank (UK) Limited                            3.7%
Millenium Partners LP                                 9.8%
Mortstan Nominees Limited                             4.0%
NCB Trust Limited                                     9.8%
South Ferry #2 LP                                     5.0%
Vicis Capital Master Fund LLC                         3.0%
York Investment Limited                               4.1%

NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:
N/A


ANTICIPATED ACCOUNTING REFERENCE DATE:
31 December


EXPECTED ADMISSION DATE:
Late December


NAME AND ADDRESS OF NOMINATED ADVISER:
KBC Peel Hunt Ltd

111 Old Broad Street

London

EC2N 1PH


NAME AND ADDRESS OF BROKER:
KBC Peel Hunt Ltd

111 Old Broad Street

London

EC2N 1PH




DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS
WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:
KBC Peel Hunt Ltd

111 Old Broad Street

London

EC2N 1PH


DATE OF NOTIFICATION:
21 December 2006


NEW/ UPDATE (see note):
update


QUOTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING:

THE NAME OF THE AIM DESIGNATED MARKET UPON WHICH THE APPLICANT'S SECURITIES HAVE BEEN TRADED:



THE DATE FROM WHICH THE APPLICANT'S SECURITIES HAVE BEEN SO TRADED:



CONFIRMATION THAT, FOLLOWING DUE AND CAREFUL ENQUIRY, THE APPLICANT HAS ADHERED TO ANY LEGAL AND REGULATORY
REQUIREMENTS INVOLVED IN HAVING ITS SECURITIES TRADED UPON SUCH A MARKET:



AN ADDRESS OR WEB-SITE ADDRESS WHERE ANY DOCUMENTS OR ANNOUNCEMENTS WHICH THE APPLICANT HAS MADE PUBLIC OVER THE LAST
TWO YEARS (IN CONSEQUENCE OF HAVING ITS SECURITIES SO TRADED) ARE AVAILABLE:



DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS
INVESTMENT STRATEGY:



A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING POSITION OF THE APPLICANT, WHICH HAS OCCURRED SINCE THE
END OF THE LAST FINANCIAL PERIOD FOR WHICH AUDITED STATEMENTS HAVE BEEN PUBLISHED:



A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THAT THE WORKING CAPITAL AVAILABLE TO IT OR
ITS GROUP WILL BE INSUFFICIENT FOR AT LEAST TWELVE MONTHS FROM THE DATE OF ITS ADMISSION:



DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES:



A BRIEF DESCRIPTION OF THE ARRANGEMENTS FOR SETTLING THE APPLICANT'S SECURITIES:



A WEBSITE ADDRESS DETAILING THE RIGHTS ATTACHING TO THE APPLICANT'S SECURITIES:

INFORMATION EQUIVALENT TO THAT REQUIRED FOR AN ADMISSION DOCUMENT WHICH IS NOT CURRENTLY PUBLIC:

A WEBSITE ADDRESS OF A PAGE CONTAINING THE APPLICANT'S LATEST ANNUAL REPORT AND ACCOUNTS WHICH MUST HAVE A FINANCIAL
YEAR END NOT MORE THEN NINE MONTHS PRIOR TO ADMISSION AND FULLY AUDITED INTERIM RESULTS WHERE APPLICABLE.  THE ACCOUNTS
MUST BE PREPARED ACCORDING TO UK OR US GAAP OR INTERNATIONAL ACCOUNTING STANDARDS:

THE NUMBER OF EACH CLASS OF SECURITIES HELD IN TREASURY:
N/A



Note: THIS FIELD SHOULD INDICATE THAT THE ANNOUNCEMENT IS 'NEW' AND ALL RELEVANT
FIELDS SHOULD BE COMPLETED. OTHERWISE WHERE THE FORM IS REQUIRED TO BE COMPLETED
IN RESPECT OF AN 'UPDATE' ANNOUNCEMENT, THIS SHOULD BE INDICATED. IN SUCH CASES,
ALL THE ORIGINAL INFORMATION SHOULD BE INCLUDED WITH ANY AMENDED FIELDS
EMBOLDENED.




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