TNT Mines Limited
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From the Prospectus
TNT Mines is focused on the evaluation and development of its tin and tungsten projects in Tasmania. The Company holds projects in Northern Tasmania that have excellent potential for rapid evaluation and development.
The Company’s activities aim to create and increase shareholder value during this time of robust tin and tungsten prices.
Begin Online Share Application
Chairman’s Letter
Dear Shareholder/Investor,
On behalf of the Board of Directors, I am pleased to present to you an offer to increase your shareholding in TNT Mines Limited (“TNT” or “the Company”) or to become a new shareholder in the Company.
TNT was originally incorporated as Allstrong Investments Pty Ltd and subsequently its shares were distributed to the Minemakers Limited shareholders pro-rata.
TNT was set up to explore for tin and tungsten in Tasmania, and in excess of $1.7m has been spent on its tenements to date.
In 2013, TNT was partially taken over by Niuminco Group Limited (“NIU”) which acquired 72.10% of its shares. TNT has continued to explore in Tasmania, obtaining JORC Inferred Mineral Resources on both its Great Pyramid and Aberfoyle tenements (details of which are contained in the Independent Geologist’s Report set out in section 5 of the Prospectus) and recently conducting a drilling program at Aberfoyle which was suspended at the end of February 2017.
The Offer made by this Prospectus is to raise $5,500,000 by the issue of 27,500,000 shares at 20 cents per share (“Offer”). The Offer includes a pro rata priority offer to eligible shareholders of NIU and a priority offer to eligible shareholders of TNT (details of which are set out in section 2 of the Prospectus).
The proceeds of the Offer will provide funds to repay debt, maintain and conduct further exploration and evaluation of the Company’s two existing tenements at Aberfoyle EL27/2004 and Great Pyramid RL2/2009, to pay the Company’s ongoing costs and enable it to consider and evaluate other exploration or mining projects in both Australia and overseas.
This Prospectus contains information about the Offer and the geological and title information about the Company’s holdings in Tasmania. The Prospectus also outlines the risk factors that the Board considers are relevant to making an investment in the Company. I encourage you to read the Prospectus carefully before making an investment decision.
The Board of the Company joins me in extending this Offer to you and we look forward to welcoming you as a shareholder of TNT Mines Limited.
Yours sincerely
Brett Mitchell
Chairman
TNT Mines Limited