Issue of Securities for Convertible Note Funding
Issue of Securities for Convertible Note Funding
Sydney, April 7, 2016 AEST (ABN Newswire) - Further to the announcemet dated 6 April 2016 KBL Mining Limited (ASX:KBL) ("the Company") advises that it has today issued a total of 2,341,667 Ordinary Shares and one (1) Convertible Note with a face value of $410,000 pursuant to the announcement dated 6 April 2016.

Attached is a section 708A(5) Notice for the issue of the Shares and an Appendix 3B for the issue of all the securities.

Of the securities issued the 2,341,667 shares have been issued pursuant to Listing Rule 7.1A.

The Company provides the following information relating to the shares issued under Listing Rule 7.1A as required under Listing Rule 3.10.5A in respect of those share issues:

(a) Dilution to existing shareholders as a result of the issue of securities under LR 7.1A:

The 2,341,667 shares issued today under Listing Rule 7.1A represent 0.32% of the post issue ordinary share capital.

(b) Reasons why the securities have issued as a Placement and not an entitle offer to shareholders:

As announced on 6 April 2016 the company has entered into an additional Convertible Note arrangement to provide further working capital as envisaged in the announcement dated 22 February 2016. The 2,341,667 shares have been issued in support of the Convertible Note facility.

(c) No underwriting arrangements were applicable to the LR 7.1A issue.

(d) No fees or other costs were applicable to the LR 7.1A issue.

About KBL Mining Ltd

KBL Mining ASX:KBLKBL Mining Ltd (ASX:KBL) is an Australian resource Company listed on the ASX with a focus on producing precious and base metals. KBL's main assets include the Mineral Hill copper-gold-silver-lead-zinc mine near Condobolin in New South Wales and Sorby Hills lead-silver-zinc project in Western Australia. The Company has been operating the refurbished processing plant at Mineral Hill since October 2011 to produce copper-gold concentrates and in 2013 commenced producing a separate lead-silver concentrate. Sorby Hills (KBL holds 75% with Henan Yuguang Gold & Lead Co. Ltd (HYG&L) holding 25%) is a large near surface undeveloped silver-lead deposit close to port infrastructure and a short distance from Asian markets.



Greg Starr
Managing Director
KBL Mining Limited
Ph: +61-2-9927-2000

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