Company Hardman Resources Limited TIDM HNR Headline Exercise of...

Company Hardman Resources Limited
TIDM HNR
Headline Exercise of Options
Released 07:48 16-Jul-04
Number 9151A



RNS Number:9151A
Hardman Resources Limited
16 July 2004


STOCK EXCHANGE / MEDIA RELEASE

RELEASE DATE: 16 July 2004

CONTACT: Kathryn Davies (08 9321 6881)

RE: EXERCISE OF OPTIONS


Please find following ASX Appendix 3B being an application for quotation of
additional securities in the Company pursuant to the exercise of 215,000 options
exercisable at $1.10 per share with an expiry date of 31 December 2004, and
260,000 options exercisable at $1.10 per share with an expiry date of 31
December 2006. The conversion of these securities raises A$522,500 additional
capital for the Company





KATHRYN DAVIES
COMPANY SECRETARY AND
CHIEF FINANCIAL OFFICER


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.

Name of entity
HARDMAN RESOURCES LTD

ABN
98 009 210 235

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 475,000 shares.
known) or maximum number which may be issued ------------------------
------------------------
3 Principal terms of the securities (eg, if options, Shares are as per
exercise price and expiry date; if partly paid existing ordinary shares
securities, the amount outstanding and due dates on issue.
for payment; if convertible securities, the ------------------------
conversion price and dates for conversion)
------------------------

------------------------
4 • Do the securities rank Yes.
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

------------------------
5 Issue price or consideration $1.10 per share.
------------------------
------------------------
Purpose of the issue Exercise of 215,000 options with an expiry
date of 31December 2004.
6 (If issued as consideration for Exercise of 260,000 options with an expiry
the acquisition of assets, date of 31December 2006.
clearly identify those assets) ------------------------
------------------------
7 Dates of entering securities 12 July 2004.
into uncertificated holdings ------------------------
or despatch of certificates
------------- -------------
Number Class
------------- -------------
8 Number and class of all 648,331,507 Ordinary shares.
securities quoted on ASX ------------- -------------
(including the securities in
clause 2 if applicable)
.


Number Class
------------- ----------------
9 Number and class of all securities not 4,436,588 Options exercisable
quoted on ASX (including the securities at $1.10 each,
in clause 2 if applicable) expiring 31 December
2004.
8,815,000 Options exercisable
------------- at $1.10 each,
expiring 31 December
2006.
----------------
---------------------------
10 Dividend policy (in the case of a The Directors do not anticipate
trust, distribution policy) on the declaring a dividend in the current
increased capital (interests) financial year.
---------------------------


Part 2 - Bonus issue or pro rata issue

11 Is security holder approval required?

12 Is the issue renounceable or non-renounceable?

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

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


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) X 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

(If the additional securities do not form a new class, go to 43)

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

(now go to 43)


Entities that have ticked box 34(b)

38 Number of securities for which quotation is 475,000.
sought --------------------------
--------------------------
39 Class of securities for which quotation is Ordinary.
sought --------------------------
--------------------------
40 • Do the securities rank equally in all Yes.
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 Issue of new ordinary shares
upon exercise of options.
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 648,331,507 Ordinary.
ASX (including the securities in clause 38) ------------- ---------------

(now go to 43)

All entities


Fees

43 Payment method (tick one)
Cheque attached

Electronic payment made
Note: Payment may be made electronically if Appendix 3B is given to ASX
electronically at the same time.

X Periodic payment as agreed with the home branch has been arranged
Note: Arrangements can be made for employee incentive schemes that
involve frequent issues of securities.

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.

We warrant that if confirmation is required under section 1017F of the
Corporations Act in relation to the securities to be quoted, it has been
provided 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 true and complete.

Sign here: Company Secretary Date: 16 July 2004


Print name: Kathryn Davies
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