15 November 2010
Issue of shares under placement
Companies Announcements Office
Australian Securities Exchange
The Board of King Solomon Mines Limited (ASX Code: KSO) is pleased to announce a
placement of 13,600,000 fully paid ordinary shares at a price of $0.07 to raise $952,000.
The funds raised are to finance the next stage of drilling on the Company’s highly
prospective Inner Mongolian copper and gold prospects and for general working capital
purposes. The placement was managed by Bell Potter Securities Limited and made to a
number of qualified sophisticated investors.
It is anticipated that an Appendix 3B for the issue of these placement shares will be lodged
on 22 November 2010.