| Tue 19 Jun 2012, 10:00 | | MWNT - Mine Waste Solutions (Proprietary) Limited - Report on voting results |
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JSE MWNT
MWNT
MWNT - Mine Waste Solutions (Proprietary) Limited - Report on voting results
Mine Waste Solutions (Proprietary) Limited
(Incorporated in the Republic of South Africa)
(Registration number 2000/1443/07)
(a wholly-owned subsidiary of First Uranium Corporation)
JSE code MWNT ISIN: ZAE000156261
MINE WASTE SOLUTION (PROPRIETARY) LIMITED
REPORT ON VOTING RESULTS
We hereby advise of the results of voting on the matters submitted to the
joint meeting (the "Meeting") of the holders (the "Noteholders") of Rand Notes
and the Canadian Notes (each as defined below) of Mine Waste Solutions
(Proprietary) Limited and First Uranium Corporation, respectively, held on
June 13, 2012.
All capitalized terms not defined herein, shall have the meanings ascribed
thereto in the management information circular of the Corporation for the
meeting of Noteholders and Debentureholders dated May 4, 2012 (the
"Circular").
The matters voted upon at the Meeting and the results of the voting were as
follows:
ITEM 1
Amendments to the Note Indentures: To consider and, if deemed advisable, to
pass, with or without variation, an extraordinary resolution of the
Noteholders, the full text of which is set forth in Schedule "A" to the
Circular (the "Note Resolution"), approving the terms of a supplemental
indenture in respect of the Corporation`s 7% secured convertible Cdn$110
million notes due March 31, 2013 (the "Canadian Notes") and approving the
terms of the supplemental indenture in respect of MWS`s 11% secured
convertible ZAR 418.6 million notes due March 31, 2013 (the "Rand Notes" and
together with the Canadian Notes, the "Notes"), as more particularly described
in the Circular.
Results:
Pursuant to the indentures for the Rand Notes and the Canadian Notes, voting
rights are calculated on the basis of the number of Common Shares into which
the Rand Notes or the Canadian Notes, as the case may be, could be put and
exchanged or converted, respectively, in accordance with the relevant
indenture.
By way of ballot on the votes cast by Noteholders or proxy holders, with at
least 66-23% of the votes required, 93,148,152 were voted FOR the resolution,
representing 93.54% of the votes cast at the Meeting, and 6,428,602 were voted
AGAINST the resolution, representing 6.46% of the votes cast at the Meeting.
Dated this 19th day of June, 2012.
Sponsor: Investec Bank Limited
Date: 19/06/2012 10:00:02 Produced by the JSE SENS Department.
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