PDM Platinum Regs

RNS Number:8329D
AIM
13 September 2007




    ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN 
    ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME: Platinum Diversified Mining Inc. ("Platinum") to be renamed 
International Consolidated Minerals Inc.

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS 
(INCLUDING POSTCODES) :



Registered Office:
Zephyr House
122 Mary Street
Grand Cayman KY1-1107
Cayman Islands



Trading Address:
152 West 57th Street
54th Floor
New York NY 10019
United States of America



COUNTRY OF INCORPORATION: Cayman Islands

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:



www.platinumdiversified.com

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN
INVESTING COMPANY, DETAILS OF ITS INVESTING STRATEGY).  IF THE ADMISSION IS
SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:


Platinum has conditionally agreed to acquire the entire issued share capital of
International Consolidated Minerals Ltd ("ICM") by way of a reverse take-over
through the issue of 30,000,000 new Ordinary Shares. Admission is sought in
connection with a reverse take-over under Rule 14. Platinum was originally
admitted to AIM on 14 March 2006  to serve as a vehicle to effect a merger,
capital stock exchange, asset acquisition, stock purchase or other similar
business combination with one or more unidentified operating businesses in the
mining industry.  The strategy articulated by Platinum in its original AIM
admission document was to acquire target businesses that are available at
valuations that management believes are not reflective of their full productive
potential or that can be used as a platform for further potential acquisitions.


ICM was formed in September 2005 to acquire and pursue the exploration,
development and production of mineral assets with a focus in Latin America, and
initially in Peru on the Pachapaqui Mine. ICM's strategy is to focus on the
development of high quality mining assets at an advanced stage of development.



DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER
OF THE SECURITIES (i.e. where known, number and type of shares, nominal value
and issue price to which it seeks admission and the number and type to be held
as treasury shares):



Up to 42,418,752 ordinary shares of US$0.001

9,935,000 warrants



Restrictions as to transfer:

The ordinary shares and warrants are subject to the conditions listed under
section 903(b)(3), or Category 3, of Regulation S of the Securities Act. Under
Category 3, Offering Restrictions (as declined under Regulation S) were required
to be in place in connection with the Original Placing and additional
restrictions are imposed on re-sales of the ordinary shares and warrants. All
ordinary shares and warrants are subject to these restrictions, regardless of
whether the purchaser acquired the ordinary shares and warrants in a transaction
pursuant to Rule 144A or in a transaction pursuant to Regulation S



CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET
CAPITALISATION ON ADMISSION:



No capital to be raised.



Anticipated market capitalisation on Admission*:

Market capitalisation at the original placing price (US$8.00) : US$ 339,350,016

Market capitalisation at the suspension price (US$7.30) : US$ 309,656,890



* Assuming no exercise of conversion rights or redemption rights

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:



63.55%

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES
(OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:



N/A

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the
first name by which each is known or including any other name by which each is
known):



Existing Directors:

Mark Alan Nordlicht, Executive Chairman, aged 38*

Bobby Earl Cooper, Chief Executive Officer, aged 61*

Thomas Alexander Loucks, President, aged 57*

Howard Mattes Crosby, Senior Vice President, aged 55

John Patrick Ryan, Chief Legal Officer, aged 44*

Brian Edward Burgess, Non-Executive Director, aged 64*

John Joseph May, Non-Executive Director, aged 58



Proposed Directors of the Enlarged Group:

Gregory (Greg) Charles Smith, Executive Chairman and Chief Executive Officer, aged 46

Marvin (Marv) Hugh Pelley, President and Chief Operating Officer, aged 59

Jesse Michael Rodriguez, Non-Executive Director, aged 42

Luis Carlos Rodrigo Prado, Non-Executive Director , aged 43



*retiring on Admission

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF
THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name
by which each is known or including any other name by which each is known):



Before Admission:


Anchorage Capital Master Offshore                        10.26%
Mr Mark Nordlicht                                        10.00%
Amaranth LLC                                              9.86%
Millenium Partners LP                                     9.90%
NCB Trust Limited                                         9.35%
DKR Soundshore Oasis Holding Fund                         5.03%
South Ferry #2 LP                                         5.03%
Morstan Nominees Limited                                  4.84%
Investec Bank (UK) Ltd                                    3.72%


After Admission:


Gregory Smith                                            18.10%
MGSSA                                                    15.02%
Platinum Partners Value Arbitrage Fund, L.P.             14.44%
Marvin Pelly                                              7.70%
Plata-Peru Resources                                      5.53%
Euro Americas Securities                                  5.04%
Anchorage Capital Master Offshore                         3.00%





NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:



N/A

(i)                  ANTICIPATED ACCOUNTING REFERENCE DATE

(ii)                DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED

(iii)               DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:



(i)        31 December

(ii)       31 December 2006

(iii)      30 September 2007, 30 June 2008 and 30 September 2008

EXPECTED ADMISSION DATE:



14 September 2007

NAME AND ADDRESS OF NOMINATED ADVISER:



Strand Partners Limited
26 Mount Row
London W1K 3SQ

NAME AND ADDRESS OF BROKER:



Strand Partners Limited
26 Mount Row
London W1K 3SQ

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR
INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A
STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE
ADMISSION OF ITS SECURITIES:



Internet Address

The Admission Document, containing full details about the applicant and the
admission of its securities, will be available on the Company's website,
www.platinumdiversified.com


Postal Address

Capita Registrars
The Registry
34 Beckenham Road
Beckenham
Kent BR3 4TU

DATE OF NOTIFICATION:  13 September 2007

NEW/ UPDATE: Update





                      This information is provided by RNS
            The company news service from the London Stock Exchange
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