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RED MOUNTAIN MINING LIMITED Capital/Financing Update 2014
65719_rns_2014-06-30_130c9913-3634-46cb-877f-473e6582dfa9.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT RED MOUNTAIN MINING LTD (ASX:RMX) 1 July 2014
EXPIRATION OF OPTIONS
The Company advises that the following options lapsed unexercised and have subsequently been cancelled:
| Number | Class |
|---|---|
| 137,698,048 | Listed Options exercisable at $0.015 each on or before 30 June 2014 |
| 27,728,125 | Unlisted Options exercisable at $0.20each on or before 30 June 2014 |
The remaining capital structure of the Company is as follows:
| Number | Class | |
|---|---|---|
| 686,917,994 | Ordinary fully paid shares | |
| 97,839,477 | Listed Options exercisableat $0.03on or before 30 June 2016 | |
| 15,000,000 | Unlisted Options exercisable at $0.20each on or before 15 September 2016 | |
| 7,000,000 | Class A Performance Rights convertible to Shares on or before 18 November 2016,subject to vesting conditions ($0.05 share price and 12 months continued servicefrom grant date) | |
| 10,500,000 | Class BPerformanceRights convertible to Shares on or before 18 November 2017,subject to vesting conditions ($0.10share price and 24months continued servicefrom grant date) | |
| 10,500,000 | Class CPerformance Rights convertible to Shares on or before 18 November 2018,subject to vesting conditions ($0.15share price and 36months continued servicefrom grant date) |
The Company received a valid exercise of options notice prior to 5pm AEST 30 June 2014. In accordance with Appendix 6A of the Listing Rules the Company will process the notice and apply for quotation prior to 4 July 2014. An Appendix 3B and Secondary Trading Notice will follow in due course.
_____________________________________________________________________________________________________________________________
For further information about Red Mountain please visit www.redmm.com.au or contact:
| Company Investors | Media |
|---|---|
| Jon Dugdale | Matt Birney |
| Managing Director | Birney Corporate |
| (+61) 402 298 026 | (+61) 419 217 090 |
| (+61) 8 9226 5668 | (+61)8 9226 5668 |
| E: [email protected] | E: [email protected] |
| _____________________________________________________________________________________________________________________________ |
ASX code: RMX COMPANY DIRECTORS CONTACT DETAILS Non-Executive Chairman Non-Executive Director Head Office
ABN 40 119568106 Neil Warburton Michael Wolley RED MOUNTAIN MINING LTD Jon Dugdale Shannon Coates Unit 1, 2 Richardson Street Managing Director Company Secretary West Perth Western Australia 6005 www.redmm.com.au [email protected]
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