KINGSROSE MINING LIMITED — Director's Dealing 2012

Aug 12, 2012

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13
August
2012

Ms
Tonia
Oliveira Senior
Advisor,
Listing
(Perth) ASX
Compliance
Pty
Limited Level
8
Exchange
Plaza 2
The
Esplanade PERTH
WA
6000

Dear
Tonia

Re:
APPENDIX
3Y
–
J.
WILLIAM
PHILLIPS

I
wish
to
advise
that
there
has
been
a
delay
in
the
disclosure
of
a
director’s
interest
in
securities
of
the Company.

**Reason

for
delay**

The
Company
became
aware
of
the
discrepancy
following
the
dividend
which
the
Company
recently
paid when
numerous
option
holders
exercised
their
options
to
participate
in
the
dividend,
resulting
in
a
balance of
1.3
million
options
on
issue,
which
number
is
less
than
the
number
of
options
the
Company
understood
to be
held
by
Mr.
Phillips.
It
was
then,
as
Company
Secretary,
I
contacted
Mr.
Phillips
to
query
the
anomaly.

Mr.
Phillips
has
advised
me
that
he
transferred
his
3,000,000
options
off-­‐market
in
August
2008
at
a
price
of $0.10
each.

Mr.
Phillips
is
a
non-­‐executive
director
and
resides
overseas.
He
has
advised
that
his
delay
in
disclosure
was not
intentional
and
that
it
was
merely
an
oversight
in
timely
reporting
to
the
Company
Secretary
due
to
a misunderstanding
of
the
requirements,
compounded
by
living
overseas,
other
business
commitments
and travel
associated
with
those
commitments.

Mr.
Phillips
is
a
substantial
shareholder
in
the
Company.
He
was
brought
onto
the
Board
because
of
his practical
hands
on
mining
experience
and
he
does
not
have
a
corporate
background.
His
appointment
to
the Board
of
the
Company
represents
his
first
public
company
directorship.
The
non-­‐disclosure
was
not deliberate
but
appears
to
have
arisen
from
a
lack
of
familiarity
with
the
application
of
some
of
the
disclosure rules.

…/2

Suite
2,
Level
9
|
12
–
14
Thelma
Street West
Perth
WA
6005 ABN:
49
112
389
910

T
+
61
8
9486
1149
|
F
+
61
8
9486
1151 www.kingsrosemining.com.au info@kingsroseminig.com.au

==> picture [27 x 806] intentionally omitted <==

**Listing

Rules
3.19A/3.19B
and
Guidance
Note
22**

The
Company’s
directors
are
aware
of
their
obligations
to
inform
the
Company
Secretary
of
initial
holdings and
any
subsequent
changes
in
their
notifiable
interests.

Pursuant
to
LR
3.19A
and
3.19B,
the
Company
has
in
place
the
following
arrangements.

• The
  obligation
  of
  directors
  to
  notify
  the
  Company
  Secretary
  of
  any
  changes
  in
  securities
  is discussed
  frequently
  with
  the
  directors
  and
  is
  also
  addressed
  at
  Board
  Meetings
  and minuted.

• Each
  year,
  at
  annual
  reporting
  time,
  the
  Company
  Secretary
  confirms
  with
  each
  director
  his respective
  holdings
  for
  inclusion
  in
  the
  Annual
  Report.

• The
  Company
  has
  put
  written
  agreements
  in
  place
  with
  all
  the
  directors
  (per
  Appendix
  1
  of Guidance
  Note
  22).

Kingsrose
believes
that
the
arrangements
in
place
are
adequate
and
the
directors
fully
understand
their disclosure
obligations
under
ASX
LR
3.19A.
Notwithstanding,
the
Company
wishes
to
apologise
for
the
late lodgement
and
has
sought
to
improve
it
procedures
further
to
ensure
that
it
does
not
happen
again
by instructing
the
Share
Registry
to
alert
the
Company
when
a
change
occurs.

The
management
of
Kingsrose
views
compliance
with
the
disclosure
requirements
of
the
Listing
Rules
as extremely
important
and
is
actively
looking
at
ways
to
improve
its
procedures
including
taking
additional steps
to
ensure
non
executive
directors
are
fully
aware
of,
and
comply
with,
their
disclosure
obligations.

Management
is
not
aware
of
any
prior
breaches
with
the
Listing
Rules
and
believes
the
non-­‐disclosure
in
this instance
to
be
anomalous.

To
correct
the
non-­‐disclosure,
Appendix
3Y
is
now
submitted
for
release
to
the
market.

Yours
sincerely KINGSROSE
MINING
LIMITED

==> picture [112 x 56] intentionally omitted <==

JEANNETTE
P.
SMITH COMPANY
SECRETARY

Suite
2,
Level
9
|
12
–
14
Thelma
Street West
Perth
WA
6005 ABN:
49
112
389
910

T
+
61
8
9486
1149
|
F
+
61
8
9486
1151 www.kingsrosemining.com.au info@kingsroseminig.com.au

Appendix 3Y Change of Director’s Interest Notice

**Appendix

3Y Change
of
Director’s
Interest
Notice**

Rule
3.19A.2

_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
30/9/2001.

Name
of
entity
KINGSROSE
MINING
LIMITED

**ABN

49
112
389
910**

We
(the
entity)
give
ASX
the
following
information
under
listing
rule
3.19A.2
and
as
agent
for
the director
for
the
purposes
of
section
205G
of
the
Corporations
Act.

Name of Director	JAMES WILLIAM PHILLIPS
Date of last notice	30 JUNE 2010

Part
1
-­‐
Change
of
director’s
relevant
interests
in
securities In
the
case
of
a
trust,
this
includes
interests
in
the
trust
made
available
by
the
responsible
entity
of
the
trust Note:
In
the
case
of
a
company,
interests
which
come
within
paragraph
(i)
of
the
definition
of
“notifiable
interest
of
a
director”
should
be disclosed
in
this
part.

Direct or indirect interest	3,000,000 LISTED OPTIONS (DIRECT) 16,150,000 ORDINARY SHARES(INDIRECT)
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	INDIRECT - HELD THROUGH ADVANCE CONCEPTS HOLDINGS LIMITED
Date of change	25 AUGUST 2008
No. of securities held prior to change	3,000,000 LISTED OPTIONS (DIRECT) 16,150,000 ORDINARY SHARES (INDIRECT)
Class	LISTED OPTIONS ORDINARY SHARES
Number acquired
Number disposed	3,000,000 LISTED OPTIONS – OFF MARKET
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.10 EA
No. of securities held after change	16,150,000 ORDINARY SHARES

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature
of
change OFF
MARKET
TRADE Example:
on-­‐market
trade,
off-­‐market
trade,
exercise
of
options,
issue
of securities
under
dividend
reinvestment
plan,
participation
in
buy-­‐back

Part
2
–
Change
of
director’s
interests
in
contracts
–
Not
Applicable Note:
In
the
case
of
a
company,
interests
which
come
within
paragraph
(ii)
of
the
definition
of
“notifiable
interest
of
a director”
should
be
disclosed
in
this
part.

Detail of contract	N/A
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

**Part

3
–
Closed
period**

Were the interests in the securities or contracts detailed above traded during a closed period where prior written clearance was required?	NO
If so, was prior written clearance provided to allow the trade to proceed during thisperiod?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

(Lodged
with
ASX
13.8.2012)

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011