Results of Shareholder Meeting and Change of Name

RNS Number : 6736U

Berkeley Resources Limited

31 July 2015

 

BERKELEY ENERGY LIMITED

AIM RELEASE  |  31 JULY 2015  :BKY

RESULTS OF SHAREHOLDER MEETING

Berkeley Resources Limited ("Berkeley" or "Company") is pleased to report that, at the Extraordinary General Meeting held on 31 July 2015, the Company's shareholders overwhelmingly approved resolutions to change the name of the Company to Berkeley Energy Limited and to award performance rights to the members of the executive team who will be responsible for bringing the Company's flagship Salamanca Project into production.

The integration of the important Zona 7 deposit into the project's overall development plans over the next two months is expected to bring the company to a point where it can commence the financing and development of the project. The name change reflects the proposed transition of the Company from an explorer to a producer.

Recently appointed experienced mining executive Paul Atherley will join the accomplished Spanish team lead by Francisco Bellon and Javier Colilla, along with new Corporate Manager Hugo Schumann, and lead the development of the project into production.

The Company has recently established of an office in London from where Mr Atherley and Mr Schumann will establish immediate and regular communication with investors as the Company progresses the development of the project.

For further information contact:

Paul Atherley	Hugo Schumann	John Prior / Paul Gillam
Managing Director	Corporate Manager	Numis Securities
[phone]	[phone]	Nomad & Broker [phone]
[e-mail]

Results of Meeting

A General Meeting of the Company was held today, 31 July 2015 at 11.00am (WST).

As announced on 28 July 2015, the wording of Resolution 1 was amended following the reservation of the name 'Berkeley Energy Limited' and voted on as follows:

"That, pursuant to and in accordance with section 157(1) of the Corporations Act and for all other purposes, Shareholders adopt 'Berkeley Energy Limited' as the new name of the Company on the terms and conditions in the Explanatory Memorandum.'

Resolutions 2 - 5 were voted on in accordance with the Notice of General Meeting despatched to Shareholders on 30 June 2015. In respect of Resolution 3, the Company notes that the ASX has granted a waiver from Listing Rule 6.23.3 on terms acceptable to the Company.

In accordance with Section 251AA of the Corporations Act 2001, the following information is also provided:

Resolution	Result	Number of Proxy Votes
		For	Against	Abstain	Proxy's Discretion
1. Change of Company Name	Passed on a show of hands	77,488,121	-	-	15,750
2. Renewal of Performance Rights Plan	Passed on a show of hands	75,853,737	780,384	854,000	15,750
3. Approval to Vary Terms of Existing Performance Rights	Passed on a show of hands	76,607,121	27,000	854,000	15,750
4. Approval to Grant Performance Rights to North Asia Metals Limited	Passed on a show of hands	76,607,121	27,000	854,000	15,750
5. Approval to Grant Performance Rights to Mr Robert Behets	Passed on a show of hands	63,786,579	12,847,542	854,000	15,750

Change of Name

Following shareholder approval at the General Meeting held today, the Company's name has been changed to "Berkeley Energy Limited".

The Company will continue to use "BKY" as its AIM and ASX listing code.

 

END

 

 

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