Result of EGM

RNS Number : 8102D

Niger Uranium Limited

18 September 2008

 



For Immediate Release

18 September 2008

Niger Uranium Limited

('Niger Uranium' or 'the Company')

Result of Extraordinary General Meeting of the Company at 

The Sanderson Suite, The Claremont Hotel, 18-22 Loch Promenade, Douglas, Isle of Man, IM1 2LX at 3p.m on 18 September 2008.

Further to an Extraordinary General Meeting ('EGM') of the Company held earlier today the Company confirms the results of the resolutions put to shareholders of the Company at the EGM.

Both resolutions put forward by NWT Uranium Corp. ('NWT') were rejected by the shareholders of the Company. Accordingly, there are no changes to the Board of the Company.

Resolution 1: the removal of Mr Ian Stalker and Mr Gordon Cassidy as directors of the Company

At the EGM, 33,009,718 votes were cast in favour of resolution one, constituting 31.54 per cent. of the issued share capital of the Company entitled to vote on the resolution.  31,955,000 votes comprised the shares held by NWT, with an additional six shareholders comprising 1,054,718 votes also supporting the resolution.

At the EGM the Company received 47,060,694 against resolution one, constituting 44.96 per cent. of the issued share capital of the Company entitled to vote.  These votes were received from 71 shareholders.

Resolution 2: the appointment of Mr Anton Esterhuizen, Mr David Subotic and Mr Wayne Isaacs as new directors of the Company

At the EGM, 32,999,968 votes were cast in favour of resolution two, constituting 31.53 per cent. of the issued share capital of the Company entitled to vote on the resolution. 31,955,000 votes comprised the shares held by NWT, with an additional five shareholders comprising 1,044,968 votes also supporting the resolution.

At the EGM the Company received 47,070,444 against resolution two, constituting 44.97 per cent. of the issued share capital of the Company entitled to vote.  These votes were received from 72 shareholders.

In respect of both resolutions, proxies in respect of 295 shares were received granting discretion to the Chairman as to how to vote the shares. A further 59,024 expressly withheld their votes.

Computershare Investor Services Plc, the Company's registrar were the official scrutineers of the proceedings.

  Further information:

Niger Uranium Limited Ian Stalker, Non-executive Deputy Chairman John Sanders, Chief Executive	Tel: [phone]
Beaumont Cornish Limited Michael Cornish	Tel: [phone]

ENDS

 

END

 

 

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