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RED MOUNTAIN MINING LIMITED Capital/Financing Update 2015

Mar 11, 2015

65719_rns_2015-03-11_c291bf00-a270-40e3-9722-361c6bb0c754.pdf

Capital/Financing Update

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12 March 2015

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ASX ANNOUNCEMENT

SECONDARY TRADING NOTICE

Further to the Appendix 3B released yesterday, a total of 52,500,000 Shares, 26,250,000 Listed Options exercisable at $0.012 each on or before 31 March 2016 and 26,250,000 Listed Options exercisable at $0.006 each on or before 30 June 2016 were issued to sophisticated investors pursuant to s708A of the Corporations Act.

Secondary Trading Notice Pursuant to Paragraph 708A(5)(e) of the Corporations Act 2001 ("Act")

The Act restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A of the Act. By giving this notice, a sale of the Securities noted above will fall within the exemption in section 708A(5) of the Act.

The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that:

(a) the Company issued the Securities without disclosure to investors under Part 6D.2 of the Act;
(b) as at 12 March 2015, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and
(c) as at 12 March 2015 there is no information:
- a. that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and
- b. that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:
  - i. the assets and liabilities, financial position and performance,
    - profits and losses and prospects of the Company; or
  - ii. the rights and liabilities attaching to the relevant Securities.

AUTHORISED BY: Shannon Coates Company Secretary