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    AUZ   AU000000AUZ8

AUSTRALIAN MINES LIMITED

(AUZ)
End-of-day quote. End-of-day quote Australian Stock Exchange - 12/08
0.022 AUD   +7.32%
11/23AUSTRALIAN MINES : Quarterly cash flow report
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11/23AUSTRALIAN MINES : Quarterly activities report
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11/16AUSTRALIAN MINES : Notice of Annual General Meeting
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Australian Mines : Norwest Minerals IPO - Close of Offer

11/12/2018 | 08:54pm EST

13 November 2018

Australian Mines' subsidiary Norwest

Minerals Initial Public Offer Closed

Australian Mines Limited ("Australian Mines" or "the Company") (Australia ASX: AUZ; USA

OTCQB: AMSLF; Frankfurt Stock Exchange: MJH) advises that its subsidiary, Norwest Minerals Limited, made the following announcement last night on its website at https://www.norwestminerals.com.au/asx-announcements:

"Norwest Minerals Limited ("Norwest" or "the Company") (Australia ASX: NWM) is pleased to announce that its initial public offering made under the prospectus dated 18 September 2018 (Offer) has now closed. The Company expects to finalise the issue and allocation of 33,000,000 shares under the Offer in the week commencing 19 November 2018 with holding statements issued shortly thereafter. Subject to the satisfaction of listing conditions and ASX approval, the Company is aiming to be admitted to the official list of ASX under the code "NWM" by the end

of November 2018."

Sincerely

Benjamin Bell Managing Director Australian Mines Limited

***ENDS***

For further information:

Shareholders contact:

Media contact:

Charles Schaus

Michael Cairnduff

CEO - Norwest Minerals

Cannings Purple

Ph: +61 417 944 295

Ph: + 61 406 775 241

E:charles@norwestminerals.com.au

E:mcairnduff@canningspurple.com.au

Disclaimer

Australian Mines Limited published this content on 13 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 November 2018 01:53:07 UTC


© Publicnow 2018
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Financials
Sales 2021 0,06 M 0,05 M 0,05 M
Net income 2021 -4,49 M -3,23 M -3,23 M
Net cash 2021 3,30 M 2,37 M 2,37 M
P/E ratio 2021 -18,3x
Yield 2021 -
Capitalization 94,7 M 67,9 M 68,0 M
EV / Sales 2020 329x
EV / Sales 2021 1 331x
Nbr of Employees -
Free-Float 93,4%
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Managers and Directors
Benjamin John Bell Chief Executive Officer, MD & Executive Director
Michael Ramsden Independent Non-Executive Chairman
Tim Maclean Chief Operating Officer
Michael Elias Independent Non-Executive Director
Dominic Marinelli Independent Non-Executive Director