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RED MOUNTAIN MINING LIMITED — Capital/Financing Update 2021
Jul 18, 2021
65719_rns_2021-07-18_837350a2-7599-4ea8-adce-a942f2ff384c.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
19 July 2021
RED MOUNTAIN MINING LTD
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Quoted Options Exercised
Red Mountain Mining Limited ( RMX or the, Company ) is pleased to advise that it received applications to exercise 98,989,196 quoted options exercisable at $0.008 each, expiring on 14 July 2021 ( RMXOI Options ) and $791,914 has been received in connection therewith. 39,653,661 RMXOI Options expired unexercised and have therefore lapsed.
The Company’s capital structure is as follows:
| Number | Details |
|---|---|
| 1,355,811,685 | Fully paid ordinaryshares |
| 60,000,000 | Unquoted Options@ $0.011 EXP 02/10/2022 |
| 35,000,000 | Unquoted Options@ $0.02 EXP 28/06/2023 |
| 500,000 | Convertible Notes |
As previously announced, the Company will offer a 1 for 3 bonus option (exercisable at $0.011, expiring 2 October 2022) ( Bonus Options ) to all the RMXOI Option holders that convert their RMXOI Options prior to the expiry date of 14 July 2021. The Bonus Options will be issued in due course and subject to ASX requirements.
The Company is pleased with the support of its shareholder base. It notes that this support includes the participation by board members, Mr Jeremy King and Mr Lincoln Ho.
Authorised for and on behalf of the Board,
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Mauro Piccini, Company Secretary
ASX: RMX Web: www.redmountainmining.com.au