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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Black Mountain Resources Ltd. | LSE:BMZ | London | Ordinary Share | AU000000BMZ3 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMBMZ 20 January 2015 Black Mountain Resources Limited Clarification of the number of AIM securities on issue Further to the Company's announcement on 15 January 2015, Black Mountain Resources Limited ("Black Mountain" or "the Company") wishes to provide the following additional clarification in regard to the Company's AIM securities on issue. Following a reconciliation of Black Mountain's total shares on issue, the Company became aware that an additional 3,555,117 shares had previously been incorrectly admitted to trading on AIM during 2014. Subsequent to an announcement made on 24 December 2013, on 3 January 2014 11,856,212 new Black Mountain shares were admitted to trading on AIM on the basis that these new shares had been unconditionally allotted. The allotment of these shares was in fact conditional on the execution of a loan facility agreement and they should not have been admitted to trading at this time. As announced on 14 March 2014, the total number of new shares which were unconditionally allotted in relation to a subsequent executed loan facility was 8,301,095, resulting in 3,555,117 shares too many being admitted to trading on AIM. Consistent with the Company's announcement of 15 January 2015, Black Mountain confirms that from 21 January 2015, the Company will have a total of 119,625,361 ordinary shares on issue and 119,625,361 shares admitted to trading on AIM. For and on behalf of the Board Peter Landau Executive Director For further information please visit www.blackmountainresources.com.au or contact: Black Mountain Resources Limited Nominated Advisor Peter Landau RFC Ambrian Limited Executive Director Oliver Morse and Trinity McIntyre T: +61 (8) 9488 5220 T: +61 (8) 9480 2500 Media (Australia) Media (UK) PPR St Brides Media & Finance Limited David Tasker Elisabeth Cowell T: +61 (8) 9388 0944 T: +44 (0) 207 236 1177 Joint Broker (UK) Joint Broker (UK) Westhouse Securities Limited Hume Capital Securities plc Martin Davison Jon Belliss T: +44 (0) 207 601 6100 T: +44 (0) 203 693 1493 About Black Mountain Resources Limited Black Mountain Resources Limited is a dual listed (ASX | AIM: BMZ) silver and gold focused development company focussed on the advancement of three highly prospective previously operating assets located in two of the world's most developed and proven silver and gold mining regions of Idaho and Montana, USA. The Company holds a 70% interest in the New Departure Silver Project, the Conjecture Silver Project and the Tabor Gold and Silver Project pursuant to 45 year leases from Chester Mining Company, Lucky Friday Extension Mining Company and Brush Prairie Minerals respectively. Black Mountain plans to implement low cost production and development programmes across all three assets. It is also implementing exploration programmes to capitalise on the exploration upside potential apparent across its portfolio. Black Mountain Resources Limited was incorporated on 29 October 2010 and is listed on the Australian Securities Exchange (ASX) and London's AIM Market - trading codes BMZ and BMZO. Forward Looking Statement Certain statements made during or in connection with this communication, including, without limitation, those concerning the economic outlook for the silver market, expectations regarding silver ore prices, production, cash costs and other operating results growth prospects and the outlook of the Company's operations including the likely commencement of commercial operations of the New Departure and Conjecture Silver Projects, its liquidity and the capital resources and expenditure, contain or comprise certain forward-looking statements regarding the Company's development and exploration operations economic performance and financial condition. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic and market conditions, success of business and operating initiatives, changes in the regulatory environment and other government actions, fluctuations in silver ore prices and exchange rates and business and operational risk management. For a discussion of such factors refer to the Company's most recent annual report and half year report. The Company undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today's date or to reflect the occurrence of unanticipated events. END
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