Consolidated Tin Mines Limited (ASX: CSD) (“CSD” or “the Company”) is pleased to advise that the company will undertake, subject to Shareholder approval, a Priority Entitlement Offer (Offer) to holders of listed Options (ASX: CSDO) which expire on 31 December 2013. Under the terms of the Offer, each eligible option holder will have the right to subscribe for one (1) option (Priority Offer Option), for every one (1) CSDO option held as at close of business on the record date of 31 December 2013, being the expiry date of the listed options. The new options will have an issue price of 0.5 cents per option, be exercisable at 20 cents each and will expire on 31 December 2014. If fully subscribed, the Offer will raise approximately $308,375 before costs. The proceeds from the Offer will be used to fund the Company’s definitive feasibility study at the Mt Garnet Tin Project, ongoing exploration programs and for general working capital purposes.
