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COPPERMOLY LIMITED Capital/Financing Update 2013

Sep 10, 2013

64690_rns_2013-09-10_fb702748-bed6-4d7d-8122-7c7787433ff4.pdf

Capital/Financing Update

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11 September 2013

ASX Code: COY

OUTCOME OF SALE OFFER

Further to the announcement made by Coppermoly Limited (ASX: COY) ( Coppermoly ) on 21 August 2013 and the closing of the Sale Offer on Friday 7 September 2013, Coppermoly advises that applications were received for a total of 183,300 Sale Shares in accordance with the Sale Offer, which comprised:

  • (a) 113,538 Sale Shares representing Eligible Shareholders’ Entitlements under the Sale Offer; and

  • (b) 69,762 Sale Shares representing additional Sale Shares applied for by Eligible Shareholders.

As there were sufficient Sale Shares available to satisfy all applications received under the Sale Offer in full, Coppermoly was not required to scale back any applications received and all applicants will receive the full amount of the Sale Shares that they have applied for.

Accordingly, the Sale Shares applied for under the Sale Offer will be transferred from the Underwriter and will be registered in the name of applicants in the next few days.

As a result, once the transfer of Sale Shares from the Underwriter to applicants under the Sale Offer has been registered, the Underwriter and its associates will have a relevant interest in 56,304,613 Shares (of a total issued capital of Shares of 211,055,962), which will provide the Underwriter with a voting power of 26.67%.

A further announcement, together with an updated list of Coppermoly’s 20 largest Shareholders and the percentage of Coppermoly’s ordinary shares held by each Shareholder, will be made once the transfer of the Sale Shares has been completed.

The Board thanks all Shareholders for their continued support and patience throughout this process.

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Maurice Gannon Managing Director

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