**why leg will run again tomorrow***, page-87

**announcement** hey guys..

we should have expected it..lmao

it's pretty smart thinking...

ACN: 060 966 145
ABN: 22 060 966 145
SUITE 1, 46 ORD STREET Telephone +61 8 9322 3700
WEST PERTH WESTERN AUSTRALIA 6005 Facsimile +61 8 9322 3800
PO BOX 626, WEST PERTH WESTERN AUSTRALIA 6872 Email [email protected]
ANNOUNCEMENT
Company Announcements Office
Australian Stock Exchange Limited
Level 8 Exchange Plaza
2 The Esplanade
PERTH WA 6000
RE: PLACEMENT
Legend Mining Limited has placed with selected Institutional clients of KTM Capital Limited, up to
15 million fully paid ordinary shares in the company at 18 cents per share and with selected clients of
Montague Stockbrokers Pty Ltd, up to 3 million fully paid ordinary shares in the company at 18
cents per share.
The funds raised (approximately $3,240,000) will be used to pay Abelle Limited the final payment of
$1.3 million in respect of the recent acquisition of the Gidgee Gold Mine. This early payment takes
advantage of a $200,000 reduction if paid by 31 March 2004 and not 30 June 2004 ($1.5 million).
The balance of the raising will be used as working capital to advance all aspects of Legend’s
operations, including underground and surface exploration. Pre-feasibility studies on the 300,000oz
Wilson’s gold resource, located within 12km of the mill, will be accelerated.
Yours faithfully
Murray McDonald
Managing Director
17 March 2003