31 May 2007
LSE ANNOUNCEMENT
ISSUE OF SHARES AND OPTIONS
The Company has today issued 43,256,878 fully paid ordinary shares
and 2,000,000 options.
41,666,666 fully paid ordinary shares were issued as part of the
shareholder approved funding package comprising placements and
convertible notes. 130,212 fully paid ordinary shares were issued
from the exercise of UK Directors options. Commissions on the funding
package will result in the issue of another 1,460,000 shares and
2,000,000 options.
An Appendix 3B for the issue of shares and options is attached.
The Company will announce to the ASX the issue of remaining shares
approved by shareholders and convertible notes when the issues are
made.
The Company seeks to rely on case 1 in Section 708A(5) of the
Corporations Act ("Act") in respect of the issue of the placement
shares.
The Company gives notice under paragraph (5) (e) of Section 708A of
the Act to confirm that:
1. The Company issued the above shares without
disclosure to the placees under Part 6D.2 of the Act.
2. As at the date of this notice the Company has
complied with:
(a) The provisions of Chapter 2M of the Act
(as applicable to the Company); and
(b) Section 674 of the Act.
3. At the date of this notice there is no excluded
information (as defined in paragraph (7) of Section 7098A of the Act)
which is required to be disclosed by the Company.
Enquiries to:
Geoffrey Moore
Monto Minerals Ltd +61 (0)7 3034 3100
Richard Brown
Ambrian Partners Limited 020 7776 6400
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