P.O. Box 7996 Telephone: (07) 5592 2274 Gold Coast Mail Centre Facsimile: (07) 5592 2275 Queensland 9726 Email: [email protected] AUSTRALIA Internet: www.macmin.com.au ASX Announcement 11th February 2008
The following letter will be printed and mailed to shareholders.
Dear Shareholder, I have enclosed an ASX Release dated 7th February 2008 which summarises progress in the silver production upgrade at the Twin Hills Silver Mine. As you are probably aware the Macmin Silver Entitlements Issue closes on 20 February 2008. We do not intend to extend this closing date. The purpose of the Entitlements Issue and the Convertible Note referred to in the ASX Release is two-fold: • to provide the funds necessary to increase the production at the Twin Hills Silver Mine and place that mine on a sound footing for the future; and • to allow a substantial increase in exploration/mine development activity in the areas surrounding the Twin Hills Silver Mine and in new silver/base metal prospective areas such as Tally Ho. With the present strong metal prices management considers that now is the time to focus on new developments as well as the Twin Hills Silver Mine. I suggest you read the prospectus for the Entitlements Issue (see www.macmin.com.au or call Coralie on (07) 5592 2274 to receive another copy) and that you can see your way clear to subscribe. I am aware that shareholders have been very supportive in the past and I hope you will support us again now to enable your Company to be successful at both silver mining and further exploration/development. I will be personally supporting the Issue as will some of the other directors and senior management.
Again, thank you for your support, it is much appreciated. Yours sincerely, MACMIN SILVER LTD R.D.McNeil CHAIRMAN
MMN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
