| Mon 21 Feb 2011, 13:03 | | EXT - Extract Resources Limited - General Meeting of Shareholders |
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EXT - Extract Resources Limited - General Meeting of Shareholders
Extract Resources Limited (`Extract`)
Registration No. ABN 61 057 337 952
Registered as an external company in Namibia
ISIN Code: AU000000EXT7
NSX Share Code: EXT
General Meeting of Shareholders
Seeking adjournment
Extract Resources Ltd (ASX/TSX/NSX: EXT) refers to today`s announcement titled
"Partnership Update". Extract announces that its Chairman intends to seek
shareholder consent to adjourn the general meeting of shareholders scheduled for
10:00am (WST) on Monday 21 February 2011 for 8 days to 10:00am (WST) on Tuesday
1 March 2011.
The Board considers that, in the circumstances, it is in the best interests of
shareholders to seek consent to adjourn the meeting.
The adjourned meeting would be held at the same venue: Suite 2, The Forrest
Centre Conference Suites, Level 14, 221 St Georges Terrace, Perth WA 6000.
Results of General Meeting
As required by ASX Listing Rule 3.13.2, we advise of the results of the General
Meeting of Extract Resources Limited held today.
As foreshadowed in today`s announcement titled "General Meeting of
Shareholders", the Chairman of the meeting put a motion to shareholders seeking
their consent to adjourn the meeting.
In accordance with clause 12.10 (c) of the Company`s Constitution, a poll was
called in relation to the motion, upon which the motion to adjourn the meeting
failed. The results of the poll are set out below:
Poll Results
Resolution Votes Votes Votes VOTES
FOR AGAINST DISCRETIONARY ABSTAIN
Procedural Resolution - 38,327,736 100,043,018 - -
Adjournment of Meeting
As the motion to adjourn the meeting was not passed, the Chairman proceeded to
the business of the meeting.
Pursuant to ASX Listing Rule 3.13.2 and section 251AA of the Corporations Act,
the Company advises that the resolution set out in the Notice of Meeting dated
24 December 2011, "Approval of Issue of Shares to Kalahari Uranium Limited", was
passed on a show of hands.
Resolution: APPROVAL OF ISSUE OF SHARES TO KALAHARI
To consider and, if thought fit, pass the following resolution as an ordinary
resolution:
"That, for the purposes of Listing Rule 10.11 and for all other purposes,
approval is given for the Company to allot and issue 7,299,069 Shares to
Kalahari Uranium Limited pursuant to a placement at an issue price of $8.35 per
Share, on the terms and conditions set out in the Explanatory Statement".
The resolution was carried as an ordinary resolution. The results of the proxy
voting in respect of each of the above motion and resolution are set out below.
In accordance with the terms of the placement to Kalahari Uranium Limited,
completion of the allotment and issue of the above shares will occur within 5
business days of today`s meeting.
Manner in which the securityholder directed the proxy vote (as at proxy close)
Resolution Votes Votes Votes VOTES
FOR AGAINST DISCRETIONARY ABSTAIN
Approval of issue of shares to 54,745,375 6,224,302 396,640 35,798,154
Kalahari Uranium Limited
Manner in which votes were cast in person or by proxy on a poll (where
applicable)
Resolution Votes Votes VOTES
FOR AGAINST ABSTAIN
Approval of issue of shares to Passed on a Passed on a Passed on a
Kalahari Uranium Limited show of hands show of hands show of hands
On behalf of the Board of Directors,
Siobahn Lancaster
Company Secretary
Windhoek, 21 February 2011
Registered Office
Swakop Uranium (Pty) Ltd
3 Schutzen Street
Windhoek
Namibia
Sponsor
IJG Securities (Pty) Ltd
Member of the NSX
100 Robert Mugabe Avenue
P O Box 186, Windhoek, Namibia
Registration No. 95/505
Date: 21/02/2011 13:03:53 Produced by the JSE SENS Department.
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