ASX ANNOUNCEMENT ASX: NMI


12 November 2013

CLOSURE OF ENTITLEMENT ISSUE

Northern Mining Limited (The Company) advises that the one for one pro-rata non-renounceable entitlement issue (Entitlement Issue) announced on 8 October 2013 closed on 8 November
2013 with strong support from shareholders.
Eligible shareholders applied for 298,299,100 shares (including Additional New Shares)
representing approximately 68% of all shares offered.

Entitlement Issue

Shares

Gross Proceeds

Entitlements taken up

273,305,739

$3,279,669

Additional New Shares

24,993,361

$299,920

Shortfall placed to Underwriter

138,184,706

$1,658,216

TOTAL

436,483,806

$5,237,805

The Entitlement Issue was fully underwritten and the shortfall of 138,184,706 New Shares not taken up by shareholders has been placed by the Underwriter Patersons Securities Limited in accordance with the Underwriting Agreement.
It is anticipated that the allotment and issue of the New Shares will occur on or about 18 November
2013. Holding statements for the new shares will be dispatched shortly thereafter.
The Company is extremely pleased with the level of support and take-up amongst its existing shareholders despite the very difficult equity market conditions experienced during the offer and believes the strong level of support reflects the quality of Company's assets and the Board and Management. The Company looks forward to generating enhanced shareholder value by using the funds raised to progress its activities.
The Company wishes to thank all existing shareholders and new shareholders pursuant to their sub-underwriting of the Entitlement Issue.
Patrick Tan

Company Secretary

NORTHERN MINING LIMITED ABN 30 113 654 229

Suite 24, Level 3, 25 Walters Drive Osborne Park Western Australia 6017 PO Box 1007, Scarborough WA 6922

T +61 8 9244 8499 F +61 8 9244 3166

E admin@northernmining.com.au W www.northernmining.com.au

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