Information  X 
Enter a valid email address

Magnesium Intl Ltd (MGK)

  Print      Mail a friend

Friday 02 June, 2006

Magnesium Intl Ltd

Change of Directors interests

Magnesium International Limited
02 June 2006



                                                                    Rule 3.19A.2

Appendix 3Y


                      Change of Director's Interest Notice


Information or documents not available now must be given to ASX as soon as
available.  Information and documents given to ASX become ASX's property and may
be made public.

Introduced 30/9/2001.


Name of entity                      Magnesium International Limited
ABN                                         23 003 669 163


We (the entity) give ASX the following information under listing rule 3.19A.2
and as agent for the director for the purposes of section 205G of the
Corporations Act.


Name of Director                        Ossama Fathi Rabah Al Sharif

Date of last notice                     14 March 2005



Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by
the responsible entity of the trust



Note: In the case of a company, interests which come within paragraph (i) of the
definition of 'notifiable interest of a director' should be disclosed in this
part.


Direct or indirect interest                        Direct & Indirect
Nature of indirect interest                        Amiral Magnesium Overseas, Ltd

(including registered holder)

Note: Provide details of the circumstances giving
rise to the relevant interest.


Date of change                                     1 June 2006
No. of securities held prior to change             Direct

                                                   2,300,000                     Ordinary Shares

                                                   1,150,000                     Listed Options


Class                                              Ordinary Shares, Listed Options
Number acquired                                    2,500,000 Ordinary Shares


Number disposed
Value/Consideration                                Magnesium International Limited is acquiring the
                                                   50% of the Egyptian Magnesium Company S.A.E.
Note: If consideration is non-cash, provide        owned by Amiral Magnesium Overseas, Ltd. The
details and estimated valuation                    estimated valuation is $1.12 per share.


No. of securities held after change                Direct                  Indirect

                                                   2,300,000          2,500,000  Ordinary Shares

                                                   1,150,000                   -        Listed
                                                   Options



                                                   900,000                        Unlisted Options
Nature of change                                   Issue of securities under transfer of business
                                                   ownership agreement.
Example: on-market trade, off-market trade,
exercise of options, issue of securities under
dividend reinvestment plan, participation in
buy-back



Part 2 - Change of director's interests in contracts



Note: In the case of a company, interests which come within paragraph (ii) of
the definition of 'notifiable interest of a director' should be disclosed in
this part.


Detail of contract
Nature of interest




Name of registered holder

(if issued securities)


Date of change
No. and class of securities to which
interest related prior to change

Note: Details are only required for a
contract in relation to which the
interest has changed


Interest acquired
Interest disposed
Value/Consideration

Note: If consideration is non-cash,
provide details and an estimated
valuation


Interest after change




                                                Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B



                            New issue announcement,

               application for quotation of additional securities

                                 and agreement



Information or documents not available now must be given to ASX as soon as
available.  Information and documents given to ASX become ASX's property and may
be made public.

Introduced 1/7/96.  Origin: Appendix 5.  Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/
2001, 11/3/2002, 1/1/2003, 24/10/2005.




Name of entity
Magnesium International Limited


ABN
23 003 669 163



We (the entity) give ASX the following information.





Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough
space).


1     +Class of +securities issued or to be   Ordinary Shares
      issued



2     Number  of +securities issued or to be  2,500,000
      issued (if known) or maximum number
      which may be issued



3     Principal terms of the +securities (eg,
      if options, exercise price and expiry
      date; if partly paid +securities, the
      amount outstanding and due dates for
      payment; if +convertible securities,
      the conversion price and dates for
      conversion)








4    Do the +securities rank equally in all Yes
     respects from the date of allotment
     with an existing +class of quoted
     +securities?



     If the additional securities do not
     rank equally, please state:

     •       the date from which they do

     •       the extent to which they
     participate for the next dividend, (in
     the case of a trust, distribution) or
     interest payment

     •       the extent to which they do
     not rank equally, other than in
     relation to the next dividend,
     distribution or interest payment

5    Issue price or consideration           The estimated valuation is $1.12 per
                                            ordinary share


     Purpose of the issue                   Magnesium International Limited is acquiring the 50%
                                            of the Egyptian Magnesium Company S.A.E. owned by
6    (If issued as consideration for the    Amiral Magnesium Overseas, Ltd.
     acquisition of assets, clearly
     identify those assets)



7       Dates of entering +securities into  1 June 2006
        uncertificated holdings or despatch
        of certificates





                                            Number                   +Class
8       Number and +class of all            40,540,170               Ordinary Shares
        +securities quoted on ASX
        (including the securities in clause   5,833,570              Listed Options
        2 if applicable)




                                                Number                    +Class
9       Number and +class of all +securities    3,870,200                 Unlisted Options
        not quoted on ASX (including the
        securities in clause 2 if applicable)







10      Dividend policy (in the case of a       No Change
        trust, distribution policy) on the
        increased capital (interests)





Part 2 -  Bonus issue or pro rata issue


11     Is security holder approval required?



12     Is the issue renounceable or
       non-renounceable?

13     Ratio in which the +securities will be
       offered

14     +Class of +securities to which the
       offer relates

15     +Record date to determine entitlements



16     Will holdings on different registers
       (or subregisters) be aggregated for
       calculating entitlements?

17     Policy for deciding entitlements in
       relation to fractions



18     Names of countries in which the entity
       has +security holders who will not be
       sent new issue documents

       Note: Security holders must be told how
       their entitlements are to be dealt
       with.

       Cross reference: rule 7.7.

19     Closing date for receipt of acceptances
       or renunciations


20     Names of any underwriters





21     Amount of any underwriting fee or
       commission

22     Names of any brokers to the issue





23     Fee or commission payable to the
       broker to the issue

24     Amount of any handling fee payable to
       brokers who lodge acceptances or
       renunciations on behalf of +security
       holders

25     If the issue is contingent on +security
       holders' approval, the date of the
       meeting

26     Date entitlement and acceptance form
       and prospectus or Product Disclosure
       Statement will be sent to persons
       entitled

27     If the entity has issued options, and
       the terms entitle option holders to
       participate on exercise, the date on
       which notices will be sent to option
       holders

28     Date rights trading will begin (if
       applicable)

29     Date rights trading will end (if
       applicable)





30     How do +security holders sell their
       entitlements in full through a broker?

31     How do +security holders sell part of
       their entitlements through a broker and
       accept for the balance?




32     How do +security holders dispose of
       their entitlements (except by sale
       through a broker)?

33     +Despatch date









Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of
securities


34     Type of securities

       (tick one)


(a)    x     Securities described in Part 1



(b)          All other securities

             Example: restricted securities at the end of the escrowed period, partly paid securities that
             become fully paid, employee incentive share securities when restriction ends, securities
             issued on expiry or conversion of convertible securities



Entities that have ticked box 34(a)



Additional securities forming a new class of securities




Tick to indicate you are providing the information
or documents


35           If the +securities are +equity securities, the names of the 20 largest holders of the
             additional +securities, and the number and percentage of additional +securities held by those
             holders

36           If the +securities are +equity securities, a distribution schedule of the additional
             +securities setting out the number of holders in the categories

             1 - 1,000

             1,001 - 5,000

             5,001 - 10,000

             10,001 - 100,000

             100,001 and over

37           A copy of any trust deed for the additional +securities






Entities that have ticked box 34(b)


38     Number of securities for which
       +quotation is sought



39     Class of +securities for which
       quotation is sought



40     Do the +securities rank equally in all
       respects from the date of allotment
       with an existing +class of quoted
       +securities?



       If the additional securities do not
       rank equally, please state:

       •       the date from which they do

       •       the extent to which they
       participate for the next dividend, (in
       the case of a trust, distribution) or
       interest payment

       •       the extent to which they do not
       rank equally, other than in relation to
       the next dividend, distribution or
       interest payment

41     Reason for request for quotation now

       Example: In the case of restricted
       securities, end of restriction period



       (if issued upon conversion of another
       security, clearly identify that other
       security)



                                               Number                     +Class
42     Number and +class of all +securities
       quoted on ASX (including the securities
       in clause 38)
















Quotation agreement



1          +Quotation of our additional +securities is in ASX's absolute
discretion.  ASX may quote the +securities on any conditions it decides.



2          We warrant the following to ASX.



•           The issue of the +securities to be quoted complies with the law and
is not for an illegal purpose.



•           There is no reason why those +securities should not be granted
+quotation.



•           An offer of the +securities for sale within 12 months after their
issue will not require disclosure under section 707(3) or section 1012C(6) of
the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for
the securities in order to be able to give this warranty



•           Section 724 or section 1016E of the Corporations Act does not apply
to any applications received by us in relation to any +securities to be quoted
and that no-one has any right to return any +securities to be quoted under
sections 737, 738 or 1016F of the Corporations Act at the time that we request
that the +securities be quoted.



•           If we are a trust, we warrant that no person has the right to return
the +securities to be quoted under section 1019B of the Corporations Act at the
time that we request that the +securities be quoted.



3          We will indemnify ASX to the fullest extent permitted by law in
respect of any claim, action or expense arising from or connected with any
breach of the warranties in this agreement.



4          We give ASX the information and documents required by this form.  If
any information or document not available now, will give it to ASX before
+quotation of the +securities begins.  We acknowledge that ASX is relying on the
information and documents.  We warrant that they are (will be) true and
complete.








Sign here:
...................................................   Date: 31 May 2006

                             (Director/Company secretary)





Print name:            James Beecher



                                 == == == == ==


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

a d v e r t i s e m e n t