PDM Platinum Regs

RNS Number:8575D
Platinum Diversified Mining Inc.
14 September 2007


                        Platinum Diversified Mining Inc.
           (to be renamed "International Consolidated Minerals Inc.")
                         ("Platinum" or the "Company")

                    Result of Extraordinary General Meeting

Platinum, to be renamed International Consolidated Minerals Inc. on or about 21
September 2007, is pleased to announce  the result of the Extraordinary General
Meeting, held at 10.00 a.m. in New York yesterday to approve, amongst other 
matters, the acquisition of International Consolidated Minerals Limited.

At the EGM the Resolution was passed by Shareholders holding at least 80 per
cent. of the Existing Ordinary Shares  voted at the meeting in person or by
proxy and the Acquisition has therefore been approved.

In connection with the vote on the Acquisition, approximately 97.73 per cent. of
the Existing Ordinary Shares were  voted "For" or "For and Redeem" in favour of
the Resolution, whilst 2.27 per cent. voted "Against" the Resolution and 
elected to exercise their Conversion Rights.

Accordingly, Shareholders who are required to deliver to the Registrar their
share certificates in connection with a  vote "Against" or a vote "For and
Redeem" on the Resolution, are required to do so no later than 30 days from 
Completion pursuant to the extension granted by the Board, as outlined in the
announcement of 13 September 2007.  Upon  receipt of certificates for such
Existing Ordinary Shares, payment of funds due thereon pursuant to the
Conversion  Rights and the Redemption Rights will be made as soon as practicable
thereafter.

In respect of the "Against" votes described above, Conversion Rights have been
exercised in respect of 248,000 Ordinary  Shares.  Application has therefore
been made for the admission to AIM of 42,173,752 Ordinary Shares (including the 
enlarged share capital following the allotment of the Consideration Shares) and
9,935,000 Warrants at 8am today.

A further 4,496,200 Ordinary Shares are to be redeemed by the Company as soon as
practicable (and in any event within  30 days) following Admission, pursuant to
the exercise of Redemption Rights.  Accordingly, following the redemption of 
such Ordinary Shares the Company will have 37,677,552 Ordinary Shares in issue.

On Completion, each of Mark Nordlicht, John Ryan, Bobby Cooper, Thomas Loucks
and Brian Burgess will retire from the  Board.  Also on Completion,. Gregory
Smith will be appointed executive chairman and chief executive, Marvin Pelley
will  be appointed president and chief operating officer and Jesse Rodriguez and
Luis Rodrigo will be appointed as  non-executive directors of the Company.  Full
details on each of the Proposed Directors is set out in the Admission  Document.

Following exercise of the Redemption Rights the net funds available to the
Enlarged Group will be $40.0 million, which  funds are to be applied to pay
expenses relating to the Acquisition and Admission, satisfy existing liabilities
of the  Company and ICM and to provide working capital for the Enlarged Group. 
The Board intends to apply the working capital  available to the Enlarged Group
primarily towards the drilling programme outlined in the Admission Document and
looks  forward to updating Shareholders as this programme progresses.

On Admission the Ordinary Shares not in public hands will be 63.6 per cent..
Following exercise of the Redemption  Rights the Ordinary Shares not in public
hands will be 55.3 per cent.

All definitions in this announcement have the same meaning as terms defined in
the 'Definitions' section of the AIM Admission Document issued on 20 August
2007.

Enquiries:
Platinum Diversified Mining Inc. +1 (212) 582 2222
Mark Nordlicht

Strand Partners Limited +44 (0) 20 7409 3494
Simon Raggett
Warren Pearce
Thomas Lockyer

Strand Partners Limited, which is authorised and regulated in the United Kingdom
by the Financial Services Authority, is acting as nominated adviser and broker
to the Company. Its responsibilities as the Company's nominated adviser and
broker under the AIM Rules are owed solely to the London Stock Exchange and are
not owed to the Company or to any Director or to any other person in respect of
his decision to acquire shares in the Company in reliance on any part of this
announcement. Strand Partners Limited is not acting for anyone else and will not
be responsible to anyone other than the Company for providing the protections
afforded to its clients or for providing advice in relation to the contents of
this announcement or the Acquisition, or the Admission of the Enlarged Share
Capital to trading on AIM.




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

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