announcement out, page-2

Mantle Mining Corporation Limited (ASX: MNM) “Mantle”, is pleased to
announce the commencement of a Standby Subscription Agreement (SSA)
with Fortrend Securities Pty Limited.
Highlights:
• Fortrend is an ASIC regulated, financial services provider specializing in the provision
of equity capital from North American based investors.
• The SSA makes available up to $10 million over a 3 year period. Funds can be drawn
down at Mantle’s sole discretion within certain liquidity parameters.
• Pricing will be at a 10% discount to the prevailing market prices at the time of each
drawdown notice.
• There are no restrictions or conditions in the agreement on any other capital raising
exercises that Mantle may wish to undertake.
Mantle’s Managing Director; Ian Kraemer, commented:
“We evaluated a number of different financing options in the market and felt the Fortrend’s
SSA Facility offered the best balance of cost and flexibility to Mantle shareholders as the
Company continues to build value through its projects.”
“As an ASIC regulated entity with local distribution capabilities, Fortrend promises to be an
excellent long term partner for Mantle as we seek to accelerate the value creation process in
our projects.”
Fortrend’s Managing Director; Joe Forster, agreed:
“Our overseas investors are very excited about Mantle’s projects and in particular the new
cleaner coal technologies being brought to bear at the Company’s various coal projects.”
“We are confident that the market will recognise and reward Mantle with much higher
valuations as the management team successfully execute on the key milestones. Fortrend is
keen to support and participate in that progression.”