FORM 51-102F3
MATERIAL CHANGE REPORT
1. | Name and Address of Company: |
BLACK MOUNTAIN CAPITAL CORPORATION
Suite 613, 375 Water Street
Vancouver, B.C., V6B 5C6
2. | Date of Material Change: |
The material change described in this report occurred on August 1, 2007.
3. | News Release: |
| On August 1, 2007, Black Mountain Capital Corporation (the "Company") issued a news release through the facilities of Market News and Stockwatch. A copy of the news release announcing the material change is set out at Schedule "A" to this report. |
4. | Summary of Material Change: |
The Company completed a non-brokered private placement for 3,800,000 units on August 1, 2007. Each unit consists of one common share of the Company and one share purchase warrant. Each warrant entitles the holder to purchase one common share of the Company at a price of US$0.13 for a term of two years from the date of issue of such warrant. The Company has raised in aggregate US$380,000 from the sale of the units priced at US$0.10 per unit. All securities issued with respect to the Private Placement will be subject to a hold period that expires four months and a day from the closing date in accordance with the rules and policies of the TSX Venture Exchange and applicable Canadian securities laws and such other further restrictions as may apply under foreign securities laws.
5. | Full Description of Material Change: |
See attached news release at Schedule "A" to this report.
6. | Reliance on Confidential Filing Provisions: |
| Not applicable. |
7. | Omitted Information: |
| Not applicable. |
8. | Executive Officer: |
| The following executive officer of the Company is knowledgeable about the material change and this report and may be contacted respecting the material change and this report: |
| Navchand Jagpal |
| Telephone: (604) 443-5059 |
9. | Date of Report: |
August 1, 2007.
SCHEDULE "A"
FOR IMMEDIATE RELEASE
FOR: Black Mountain Capital Corporation
(TSX Venture Exchange Symbol: BMM.U)
(OTCBB Symbol: BMMUF)
BLACK MOUNTAIN COMPLETES PRIVATE PLACEMENT
VANCOUVER, Canada/August 1, 2007/ -- Black Mountain Capital Corporation (the “Company” or "Black Mountain") is pleased to announce that it has completed its previously announced non-brokered private placement (the “Private Placement”) for 3,800,000 units (each, a “Unit”) for a price of US$0.10 per Unit, which closed on August 1, 2007. Each Unit consists of one common share of the Company and one share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase one common share of the Company at a price of US$0.13 for a term of two years from the date of issue of such Warrant. The Company has raised in aggregate US$380,000 from the sale of the Units. All securities issued with respect to the Private Placement are subject to a hold period that expires four months and a day from the closing date in accordance with the rules and policies of the TSX Venture Exchange and applicable Canadian securities laws and such other further restrictions as may apply under foreign securities laws.
The Company will be using the proceeds of the Private Placement for working capital.
Contact: Navchand Jagpal
Tel: (604) 443-5059
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OF ACCURACY OF THIS RELEASE.