Ann: Change in substantial holding, page-2

so the money is for what this time?


and last time the money was for?


2 January 2019
Issue of Placement Shares
Further to the Company’s placement announcement on 21 December 2018 attached is an Appendix 3B
for the issue today of a total of 47,500,000 ordinary shares (“Placement”). The issue comprises 22,878,975
shares issued under Listing Rule 7.1 and 24,621,025 shares under Listing Rule 7.1A.
Silver City Minerals Limited (“Silver City”) provides the following information as required under Listing Rule
3.10.5A in respect of the shares issued under Listing Rule 7.1A:
(a) The dilution impact of the Placement on existing shareholders is as follows:
Number of Shares on issue prior to the Placement 246,210,253
Shares issued under Listing Rule 7.1 22,878,975
Shares including those issued under Listing Rule 7.1 269,089,228
Shares issued under Listing Rule 7.1A 24,621,025
Dilution as a result of issue under Listing Rule 7.1A 9.15%
Total number of Shares on issue 293,710,253
(b) The Company has taken the opportunity to issue the shares at a minimum acceptable discount
as this was considered to be the most expedient mechanism for raising funds in a timely manner
to fund the RC and RAB drilling, and ground geophysics at the Copper Blow Project.



MI