LEGEND MINING LIMITED                         2002-06-07  ASX-SIGNAL-G

HOMEX - Perth                                                         

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ENTITLEMENT ISSUE AND PRO-RATA PLACEMENT

The Directors advise that the pro-rata non renounceable entitlement
issue of 20,867,332 new options exercisable at 15 cents each and the
pro-rata placement to past option holders of 15,321,875 new options
exercisable at 15 cents each on or before 30th April 2005, has closed
fully subscribed.

Funds raised will be applied to further advance Legend's
opportunities in respect of further silver exploration.


M McDonald 
MANAGING DIRECTOR