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ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")
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COMPANY NAME:
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Black Mountain Resources Limited (the "Company")
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COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :
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Registered and Operating Office
Ground Floor
1 Havelock Street
West Perth Western Australia 6005
Australia
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COUNTRY OF INCORPORATION:
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Australia
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COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:
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www.blackmountainresources.com.au
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COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:
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The Company is a mineral exploration company with projects in the north-western United States of America that cover historic silver, gold and/or base metal mines. It holds two projects, New Departure and Tabor, in western Montana and one project, Conjecture, in northern Idaho. The Company is seeking to utilise the existing mine infrastructure and nearby toll treatment ore processing facilities to develop near term small scale mining operations at the Projects for relatively low capital cost. In parallel, it plans to undertake systematic exploration targeted at delineating significant high grade resources.
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DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):
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As at the date of notification the Company has 65,330,001 fully paid ordinary shares of no par value that will be admitted to AIM.
No shares are held as treasury shares.
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CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:
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No capital is to be raised on admission ("Admission").
The market capitalisation on Admission is expected to be approximately GBP£10.5 million (being approximately AUS$15.7 million, the Company's current market capitalisation on the Australian Stock Exchange).
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PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
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32.6% - being the shareholding of the Directors (and their related parties), Park End Limited (a substantial shareholder) and Howard Crosby and his related parties (a director of a subsidiary of the Company).
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DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:
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Australian Securities Exchange (ASX) - ticker BMZ
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FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):
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Peter Neil Landau - Executive Chairman
John Patrick Ryan - Executive Director
Jason Paul Brewer - Non-Executive Director
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FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):
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The Company is aware of the following shareholdings which represent 3% or more of the Company's issued shares as at 10 July 2012 (both before and after Admission).
Park End Limited - 13.8%
John Patrick Ryan - 11.5%
Howard Crosby - 6.9%
Cork Investments Inc - 6.1%
Texas Energy Advisors LLC - 6.1%
SFG Australia Ltd - 5.0%
Brush Prairie Minerals Inc - 4.6%
Ravenhill Investments Pty Ltd - 3.2%
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NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:
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n/a
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(i) ANTICIPATED ACCOUNTING REFERENCE DATE
(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)
(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:
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(i) 30 June
(ii) 31 December 2011
(iii) 31 December 2012 (accounts for the year ending 30 June 2012), 31 March 2013 (interim accounts for the 6 months ending 31 December 2012), 31 December 2013 (accounts for the year ending 30 June 2013).
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EXPECTED ADMISSION DATE:
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25 July 2012
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NAME AND ADDRESS OF NOMINATED ADVISER:
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RFC Ambrian Limited
Level 15, QV1 Building
250 St George's Terrace
Perth, WA 6000
Australia
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NAME AND ADDRESS OF BROKER:
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XCAP Securities plc
24 Cornhill
London EC3V 3ND
United Kingdom
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OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:
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The Admission Document, which will contain full details about the applicant and the admission of its ordinary shares, will be available at www.blackmountainresources.com.au.
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DATE OF NOTIFICATION:
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10 July 2012
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NEW/ UPDATE:
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New
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