entitlements issue oversubscribed

Mineral Resources : Concept to Development
MACMIN SILVER LTD
(A.B.N. 53 056 776 160)
P.O. Box 7996 Telephone: (07) 5592 2274
Gold Coast Mail Centre Facsimile: (07) 5592 2275
ENTITLEMENTS ISSUE OVERSUBSCRIBED
OPTIONS EXERCISED
Entitlements Issue
The 1 for 15 Entitlements Issue which closed last Friday 8 December was oversubscribed and
a small number of applicants will not receive all the additional shares for which they applied.
The Entitlements Issue is the largest ever undertaken by the Company and raised $8.62
million before costs. The total of 28,736,427 shares and 14,368,214 free attaching MMNO
listed options are scheduled to be issued on Monday 18 December 2006 following the
clearing of funds received.
The success of the issue demonstrates the support that exists for the Company among its
shareholders. The Board is very pleased by the result and extend their thanks to all
participants for their continued commitment to the growth of the Company and development of
its silver projects.
Funds raised will be used for an aggressive exploration plan in 2007, including an extensive
programme of drilling at Mt Gunyan (1.5km north of Twin Hills) to determine the viability of
applying for a mining licence at that prospect. If a suitable orebody can be defined at Mt
Gunyan it is likely that the ore can be trucked to the existing processing facility at Twin Hills.
The Company’s newest project at Tally Ho, via Mackay, will also be fast-tracked using funds
from the issue for an ambitious campaign of surface exploration and drilling commencing early
in 2007.
Appendix 3Y “Change of Directors Interest Notices” for 5 directors are attached.
Exercise of Unlisted Options
An Appendix 3B is attached in respect of the issue of 210,000 fully paid ordinary shares
pursuant to the exercise of 210,000 unlisted options at 20 cents.
Yours faithfully,
MACMIN SILVER LTD
Garry Edwards
Company Secretary kc/ge157.06
Appendix 3B
New issue announcement
+ See chapter 19 for defined terms.
24/10/2005 Appendix 3B Page 1
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
Appendix 3B
New issue announcement,
application for quotation of additional securities
and agreement
Information or documents not available now must be given to ASX as soon as available. Information and documents
given to ASX become ASX’s property and may be made public.
Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.
Name of entity
MACMIN SILVER LTD
ABN
53 056 776 160
We (the entity) give ASX the following information.
Part 1 - All issues
You must complete the relevant sections (attach sheets if there is not enough space).
1 +Class of +securities issued or to be
issued
ORDINARY SHARES
2 Number of +securities issued or to
be issued (if known) or maximum
number which may be issued
210,000
3 Principal terms of the +securities
(eg, if options, exercise price and
expiry date; if partly paid
+securities, the amount outstanding
and due dates for payment; if
+convertible securities, the
conversion price and dates for
conversion)
ORDINARY SHARES
Appendix 3B
New issue announcement
+ See chapter 19 for defined terms.
24/10/2005 Appendix 3B Page 2
4 Do the +securities rank equally in all
respects from the date of allotment
with an existing +class of quoted
+securities?
If the additional securities do not
rank equally, please state:
• the date from which they do
• the extent to which they
participate for the next dividend,
(in the case of a trust,
distribution) or interest payment
• the extent to which they do not
rank equally, other than in
relation to the next dividend,
distribution or interest payment
YES.
5 Issue price or consideration
$0.20 PER SHARE.
6 Purpose of the issue
(If issued as consideration for the
acquisition of assets, clearly identify
those assets)
EXERCISE OF UNLISTED OPTIONS.
7 Dates of entering +securities into
uncertificated holdings or despatch
of certificates
13 DECEMBER 2006
Number +Class
8 Number and +class of all +securities
quoted on ASX (including the
securities in clause 2 if applicable)
REFER ATTACHED SCHEDULE.
Number +Class
9 Number and +class of all
+securities not quoted on ASX
(including the securities in clause
2 if applicable)
REFER ATTACHED SCHEDULE.
10 Dividend policy (in the case of a
trust, distribution policy) on the
increased capital (interests)
NO DIVIDEND DISTRIBUTION IS
ENVISAGED IN THE NEAR FUTURE.
Appendix 3B
New issue announcement
+ See chapter 19 for defined terms.
24/10/2005 Appendix 3B Page 3
Part 2 - Bonus issue or pro rata issue
11 Is security holder approval
required?
12 Is the issue renounceable or nonrenounceable?
13 Ratio in which the +securities will
be offered
14 +Class of +securities to which the
offer relates
15 +Record date to determine
entitlements
16 Will holdings on different registers
(or subregisters) be aggregated for
calculating entitlements?
17 Policy for deciding entitlements in
relation to fractions
18 Names of countries in which the
entity has +security holders who
will not be sent new issue
documents
Note: Security holders must be told how their
entitlements are to be dealt with.
Cross reference: rule 7.7.
19 Closing date for receipt of
acceptances or renunciations
20 Names of any underwriters
21 Amount of any underwriting fee or
commission
22 Names of any brokers to the issue
23 Fee or commission payable to the
broker to the issue
Appendix 3B
New issue announcement
+ See chapter 19 for defined terms.
24/10/2005 Appendix 3B Page 4
24 Amount of any handling fee
payable to brokers who lodge
acceptances or renunciations on
behalf of +security holders
25 If the issue is contingent on
+security holders’ approval, the
date of the meeting
26 Date entitlement and acceptance
form and prospectus or Product
Disclosure Statement will be sent to
persons entitled
27 If the entity has issued options, and
the terms entitle option holders to
participate on exercise, the date on
which notices will be sent to option
holders
28 Date rights trading will begin (if
applicable)
29 Date rights trading will end (if
applicable)
30 How do +security holders sell their
entitlements in full through a
broker?
31 How do +security holders sell part
of their entitlements through a
broker and accept for the balance?
32 How do +security holders dispose
of their entitlements (except by sale
through a broker)?
33 +Despatch date
Appendix 3B
New issue announcement
+ See chapter 19 for defined terms.
24/10/2005 Appendix 3B Page 5
Part 3 - Quotation of securities
You need only complete this section if you are applying for quotation of securities
34 Type of securities
(tick one)
(a) ��
Securities described in Part 1
(b)
All other securities
Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee
incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities
Entities that have ticked box 34(a)
Additional securities forming a new class of securities
Tick to indicate you are providing the information or
documents
35 If the +securities are +equity securities, the names of the 20 largest holders of the
additional +securities, and the number and percentage of additional +securities held by
those holders
36 If the +securities are +equity securities, a distribution schedule of the additional
+securities setting out the number of holders in the categories
1 - 1,000
1,001 - 5,000
5,001 - 10,000
10,001 - 100,000
100,001 and over
37 A copy of any trust deed for the additional +securities
Appendix 3B
New issue announcement
+ See chapter 19 for defined terms.
24/10/2005 Appendix 3B Page 6
Entities that have ticked box 34(b)
38 Number of securities for which
+quotation is sought
39 Class of +securities for which
quotation is sought
40 Do the +securities rank equally in all
respects from the date of allotment
with an existing +class of quoted
+securities?
If the additional securities do not
rank equally, please state:
• the date from which they do
• the extent to which they
participate for the next dividend,
(in the case of a trust,
distribution) or interest payment
• the extent to which they do not
rank equally, other than in
relation to the next dividend,
distribution or interest payment
41 Reason for request for quotation
now
Example: In the case of restricted securities, end of
restriction period
(if issued upon conversion of
another security, clearly identify that
other security)
Number +Class
42 Number and +class of all +securities
quoted on ASX (including the
securities in clause 38)
Appendix 3B
New issue announcement
+ See chapter 19 for defined terms.
24/10/2005 Appendix 3B Page 7
Quotation agreement
1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the
+securities on any conditions it decides.
2 We warrant the following to ASX.
• The issue of the +securities to be quoted complies with the law and is not for an illegal
purpose.
• There is no reason why those +securities should not be granted +quotation.
• An offer of the +securities for sale within 12 months after their issue will not require
disclosure under section 707(3) or section 1012C(6) of the Corporations Act.
Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty
• Section 724 or section 1016E of the Corporations Act does not apply to any applications
received by us in relation to any +securities to be quoted and that no-one has any right to
return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act
at the time that we request that the +securities be quoted.
• If we are a trust, we warrant that no person has the right to return the +securities to be quoted
under section 1019B of the Corporations Act at the time that we request that the +securities
be quoted.
3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or
expense arising from or connected with any breach of the warranties in this agreement.
4 We give ASX the information and documents required by this form. If any information or document
not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge
that ASX is relying on the information and documents. We warrant that they are (will be) true and
complete.
Sign here: ............................................................ Date: 13 December 2006
(Director/Company secretary)
GARRY M. EDWARDS
Print name: .........................................................
== == == == ==
Appendix 3B
New issue announcement
+ See chapter 19 for defined terms.
24/10/2005 Appendix 3B Page 8
APPENDIX 3B – ASX LISTING RULES
New Issue announcement,
Application for quotation of additional securities and agreement
8. Number and class of all securities quoted on ASX (including the additional
securities) –
Note:
Number Class
459,971,662 Ordinary Shares Fully Paid
(including additional 28,946,427 issued)
459,971,662 TOTAL SHARES
79,485,605 Options exercisable on or before 30 October 2008
(including additional 14,368,214 issued)
79,485,605 TOTAL OPTIONS
9. Number and class of all issued securities not quoted on ASX (including options,
preference shares, convertible notes, partly paid shares, loan securities, etc.)
After adjusting for options exercised as per this announcement.
250,000 Non transferable Options (Employees) exercisable on or before
6 September 2007 at 13 cents.
4,197,500 Non transferable Options (Employees) exercisable on or before
12 November 2008 at 20 cents.
1,840,000 Non transferable Options (Directors) exercisable on or before
31 December 2007 at 20 cents.
1,100,000 Non transferable Options (Employees) exercisable on or before
1 December 2008 at 15 cents.
1,662,500 Non transferable Options (Employees) exercisable on or before
1 November 2009 at 20 cents.
8,525,000 Non transferable Options (Employees) exercisable on or before
14 August 2011 at 45 cents.
Appendix 3Y
Change of Director’s Interest Notice
+ See chapter 19 for defined terms.
11/3/2002 Appendix 3Y Page 9
Rule 3.19A.2
Appendix 3Y
Change of Director’s Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information
and documents given to ASX become ASX’s property and may be made public.
Introduced 30/9/2001.
Name of entity MACMIN SILVER LTD
ABN 53 056 776 160
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent
for the director for the purposes of section 205G of the Corporations Act.
Name of Director ROBERT DONALD McNEIL
Date of last notice 27 SEPTEMBER 2006
Part 1 - Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director”
should be disclosed in this part.
Direct or indirect interest DIRECT
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the
relevant interest.
Date of change 13 DECEMBER 2006
No. of securities held prior to change 5,703,771 1,640,419
Class ORDINARY LISTED OPTIONS
Number acquired 380,252 190,126
Number disposed - -
Value/Consideration
Note: If consideration is non-cash, provide details and estimated
valuation
30 CENTS EACH FREE
No. of securities held after change 6,084,023 1,830,545
Nature of change
Example: on-market trade, off-market trade, exercise of options,
issue of securities under dividend reinvestment plan, participation
in buy-back
PARTICIPATION IN ENTITLEMENTS ISSUE
Appendix 3Y
Change of Director’s Interest Notice
+ See chapter 19 for defined terms.
11/3/2002 Appendix 3Y Page 10
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director”
should be disclosed in this part.
Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to
which interest related prior to
change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details
and an estimated valuation
Interest after change
Appendix 3Y
Change of Director’s Interest Notice
+ See chapter 19 for defined terms.
11/3/2002 Appendix 3Y Page 11
Rule 3.19A.2
Appendix 3Y
Change of Director’s Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information
and documents given to ASX become ASX’s property and may be made public.
Introduced 30/9/2001.
Name of entity MACMIN SILVER LTD
ABN 53 056 776 160
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent
for the director for the purposes of section 205G of the Corporations Act.
Name of Director DENIS MICHAEL O’NEILL
Date of last notice 31 MARCH 2006
Part 1 - Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director”
should be disclosed in this part.
Direct or indirect interest DIRECT
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the
relevant interest.
Date of change 13 DECEMBER 2006
No. of securities held prior to change 4,477,501 400,000 300,000
Class ORDINARY LISTED
OPTIONS
UNLISTED
OPTIONS
Number acquired 278,501 139,251
-
Number disposed
- - -
Value/Consideration
Note: If consideration is non-cash, provide details and estimated
valuation
30 cents
each
Free -
No. of securities held after change 4,756,002 539,251 300,000
Nature of change
Example: on-market trade, off-market trade, exercise of options,
issue of securities under dividend reinvestment plan, participation
in buy-back
PARTICIPATION IN ENTITLEMENTS ISSUE
Appendix 3Y
Change of Director’s Interest Notice
+ See chapter 19 for defined terms.
11/3/2002 Appendix 3Y Page 12
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director”
should be disclosed in this part.
Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to
which interest related prior to
change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details
and an estimated valuation
Interest after change
Appendix 3Y
Change of Director’s Interest Notice
+ See chapter 19 for defined terms.
11/3/2002 Appendix 3Y Page 13
Rule 3.19A.2
Appendix 3Y
Change of Director’s Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information
and documents given to ASX become ASX’s property and may be made public.
Introduced 30/9/2001.
Name of entity MACMIN SILVER LTD
ABN 53 056 776 160
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent
for the director for the purposes of section 205G of the Corporations Act.
Name of Director PETER ANDREW McNEIL
Date of last notice 21 FEBRUARY 2006
Part 1 - Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director”
should be disclosed in this part.
Direct or indirect interest DIRECT
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the
relevant interest.
Date of change 13 DECEMBER 2006
No. of securities held prior to change * 225,000 263,482 550,000
Class ORDINARY LISTED
OPTIONS
UNLISTED
OPTIONS
Number acquired 15,000 7,500 -
Number disposed - -
Value/Consideration
Note: If consideration is non-cash, provide details and estimated
valuation
30 CENTS
EACH
FREE -
No. of securities held after change 240,000 270,982 550,000
Nature of change
Example: on-market trade, off-market trade, exercise of options,
issue of securities under dividend reinvestment plan, participation
in buy-back
PARTICIPATION IN ENTITLEMENTS ISSUE
Appendix 3Y
Change of Director’s Interest Notice
+ See chapter 19 for defined terms.
11/3/2002 Appendix 3Y Page 14
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director”
should be disclosed in this part.
Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to
which interest related prior to
change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details
and an estimated valuation
Interest after change
Appendix 3Y
Change of Director’s Interest Notice
+ See chapter 19 for defined terms.
11/3/2002 Appendix 3Y Page 15
Rule 3.19A.2
Appendix 3Y
Change of Director’s Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information
and documents given to ASX become ASX’s property and may be made public.
Introduced 30/9/2001.
Name of entity MACMIN SILVER LTD
ABN 53 056 776 160
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent
for the director for the purposes of section 205G of the Corporations Act.
Name of Director EDGAR GEORGE NEWMAN
Date of last notice 11 JANUARY 2006
Part 1 - Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director”
should be disclosed in this part.
Direct or indirect interest DIRECT
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the
relevant interest.
Date of change 13 DECEMBER 2006
No. of securities held prior to change 47,008 5,000 (A)400,000
(B)600,000
Class ORDINARY LISTED
OPTIONS
UNLISTED
OPTIONS
Number acquired 3,134 1,567 -
Number disposed - -
Value/Consideration
Note: If consideration is non-cash, provide details and estimated
valuation
30 CENTS
EACH
FREE -
No. of securities held after change 50,142 6,567 (A) 400,000
(B) 600,000
Nature of change
Example: on-market trade, off-market trade, exercise of options,
issue of securities under dividend reinvestment plan, participation
in buy-back
PARTICIPATION IN ENTITLEMENTS ISSUE
(A) 25 CENT, EXPIRY 12 NOVEMBER 2008
(B) 20 CENT, EXPIRY 31 DECEMBER 2007
Appendix 3Y
Change of Director’s Interest Notice
+ See chapter 19 for defined terms.
11/3/2002 Appendix 3Y Page 16
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director”
should be disclosed in this part.
Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to
which interest related prior to
change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details
and an estimated valuation
Interest after change
Appendix 3Y
Change of Director’s Interest Notice
+ See chapter 19 for defined terms.
11/3/2002 Appendix 3Y Page 17
Rule 3.19A.2
Appendix 3Y
Change of Director’s Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information
and documents given to ASX become ASX’s property and may be made public.
Introduced 30/9/2001.
Name of entity MACMIN SILVER LTD
ABN 53 056 776 160
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent
for the director for the purposes of section 205G of the Corporations Act.
Name of Director GARRY GEORGE LOWDER
Date of last notice 13 SEPTEMBER 2006
Part 1 - Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director”
should be disclosed in this part.
Direct or indirect interest DIRECT
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the
relevant interest.
Date of change 13 DECEMBER 2006
No. of securities held prior to change 600,000 -
Class ORDINARY LISTED OPTIONS
Number acquired 40,000 20,000
Number disposed - -
Value/Consideration
Note: If consideration is non-cash, provide details and estimated
valuation
30 CENTS EACH FREE
No. of securities held after change 640,000 20,000
Nature of change
Example: on-market trade, off-market trade, exercise of options,
issue of securities under dividend reinvestment plan, participation
in buy-back
PARTICIPATION IN ENTITLEMENTS ISSUE
Appendix 3Y
Change of Director’s Interest Notice
+ See chapter 19 for defined terms.
11/3/2002 Appendix 3Y Page 18
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director”
should be disclosed in this part.
Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to
which interest related prior to
change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details
and an estimated valuation
Interest after change