SECONDARY TRADING NOTICE PURSUANT TO SECTION 708A(5)(e) OF THE...

SECONDARY TRADING NOTICE PURSUANT TO SECTION 708A(5)(e) OF THE CORPORATIONS ACT 2001
ASX ANNOUNCEMENT 15 January 2014
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Mantle Mining Corporation Limited (ASX: MNM) gives this notice pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) (“Act”).
The Company is pleased to advise that it has issued ordinary fully paid shares in the capital of the Company and options to acquire fully paid ordinary shares in the capital of the Company (“Securities”) as per the Appendix 3B lodged with the ASX today.
The Company raised $525,000 under a placement to professional and sophisticated investors for 18,749,998 shares at 2.8 cents per share, along with one free attaching listed MNMO Option (4.5c, 30 June 2015) for every share issued under the placement. The Company also issued 5,000,000 MNMO Options to the nominees of Cygnet Capital Pty Ltd as part payment for professional services rendered in connection with the above placement, as well as a further 2 shares at 4.5 cents per share upon the exercise of 2 MNMO Options. The new capital raised will be used to fund the Company’s existing exploration programs and for general working capital purposes.
The Company advises that the Securities were issued without disclosure to investors under Part 6D.2 of the Act. The Company, as at the date of this notice, has complied with:
(a) the provisions of Chapter 2M of the Act as they apply to the Company; and
(b) section 674 of the Act.
As at the date of this notice there is no information that is excluded information for the purposes of sections 708A(7) and (8) of the Act other than as noted below.
The Company notes however, that it continually explores ways to increase the value of its assets and, to that end, is in confidential negotiations with potential investors/partners concerning the Company’s coal projects. These negotiations target accelerated development of the Company’s coal assets and value creation thereof. The potential counterparties include both domestic and offshore entities.
The negotiations are an incomplete proposal or negotiation at this point. No assurances can therefore be given that any agreement between the parties will be concluded.
The Company will keep the market informed in the event of a material development from the ongoing discussions.
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For further information please contact:
Ian Kraemer
Managing Director
Mantle Mining Corporation Limited
[email protected]
P: +61 7 3310 8932
About Mantle Mining Corporation Limited
Mantle Mining (ASX: MNM) is an Australian based minerals exploration company that is focussed on a range of in high demand commodities. Mantle’s principal activities are to acquire exploration tenements and locate economically developable deposits of coal and gold. It is Mantle’s intention to progress mineral deposits through feasibility and into mining operations, to the benefit of all stakeholders.