740ac0ca-5dc7-4744-bb3d-8e111884d310.pdf
26 November 2015
Company Announcements Office Australian Securities Exchange Ltd Level 5, 20 Bridge Street
Sydney NSW 2000 Dear Sir/Madam
Expiry of Options on 31 December 2015
Consolidated Tin Mines Limited ('CSD' or 'the Company') (ASX: CSD) provides notice of the impending expiry on 31 December 2015 of a class of listed options (CSDO) with an exercise price of 20 cents.
As a result of the significant difference between the exercise price and the current market price of the Company's ordinary listed shares, a notice in accordance with Appendix 6A of the ASX Listing Rules will not be sent to registered holders. Should there be a price movement in the Company's ordinary shares such that the share price exceeds 15 cents before 31 December 2015 the Company will immediately send an expiry notice to option holders.
The Company has not complied with the requirement to send a notice to each holder of options as set out in clause 6.1 of Appendix 6A, however the Company provides the following information:
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There are 64 registered holders of listed options;
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There are 22,489,450 listed options over ordinary shares;
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The exercise price of these options is 20 cents;
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The due date for payment is 5pm AWST Thursday, 31 December 2015;
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If you are a registered holder and you DO NOT wish to exercise your options then you need to do nothing. The consequence of doing nothing will be that the options will lapse on close of business 31 December 2015;
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This class of listed options will cease to be quoted by ASX at close of market on 22 December 2015;
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At close of trade today 26 November 2015, the market price for ordinary shares in the Company was
4.4 cents;
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The highest price for shares in the Company over the preceding 3 months was 5.9 cents on 27 October 2015 and the lowest was 4.0 cents on 6 October 2015.
There is no obligation on registered option holders to exercise their options, however if you have any queries please contact the Company Secretary on 08 9316 9100.
Consolidated Tin Mines Limited
Kevin Hart
Company Secretary
CONSOLIDATED TIN MINES LIMITED Page 1 of 1
ABN: 57 126 634 606 ACN: 126 634 606
395 Lake Street Cairns North QLD 4870 Ph (07) 4032 3319 - Fax (07) 4027 9429
Email: [email protected]