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Monday 13 March, 2006

Union Resources Ltd

Result of EGM

Union Resources Limited
13 March 2006


                     UNION RESOURCES LIMITED (The 'Company')

              EXTRAORDINARY GENERAL MEETING - OUTCOME OF RESOLUTIONS

At the general meeting of the Company's members held today, the resolutions put
to members and the outcome of those resolutions were as follows:-

1. Resolution 1 (Ordinary resolution)

'That in accordance with the provisions of Listing Rule 7.1 of the Official
Listing Rules of the ASX, and for all other purposes, the Company and the
Directors of the Company are hereby authorised to issue 90,000,000 free options
to subscribe for ordinary shares in the Company to RAB Special Situations
(Master) Fund Limited ('RAB Special') exercisable at 7.5 cents (AUD$0.075) per
option on or before 31st March 2009 on the terms and conditions as contained in
this Notice of Meeting and attached Explanatory Memorandum ('RAB Options').'

Outcome of Resolution 1 - Defeated on a poll

The total number of proxy votes exercisable by all proxies validly appointed was
55,530,995.


The instructions in respect of the proxies were:

       FOR                AGAINST             ABSTAIN             PROXY'S
                                                                DISCRETION
      1,803,693          53,666,412             ---               60,890


The votes cast on the poll were:

            FOR                          AGAINST                   ABSTAIN
         48,270,386                     54,666,412                   ---


2. Resolution 2 (Ordinary resolution)

'That in accordance with the provisions of Listing Rule 7.1 of the Official
Listing Rules of the ASX, and for all other purposes, the Company and the
Directors of the Company are hereby authorised to issue 2,000,000 options to
subscribe for ordinary shares in the Company ('Westhouse Options') exercisable
at 10 cents per option on or before 31st March 2009 to Westhouse Securities LLP
('Westhouse Securities') on the terms and conditions as contained in this Notice
of Meeting and attached Explanatory Memorandum.'


Outcome of Resolution 2 - Passed on a show of hands

The total number of proxy votes exercisable by all proxies validly appointed was
55,530,995.


The instructions in respect of the proxies were:

         FOR               AGAINST          ABSTAIN              PROXY'S
                                                               DISCRETION
      55,233,145           236,960            ---                60,890


3. Resolution 3 (Ordinary resolution)

'That in accordance with the provisions of Listing Rule 7.1 of the Official
Listing Rules of the ASX, and for all other purposes, the Company and the
Directors of the Company are hereby authorised to issue of up to 50,000,000
fully paid ordinary shares ('Placement Shares') at an issue price per Placement
Share of not less than 80% of the weighted average trading price of the
Company's shares calculated over the last five (5) days on which sales in the
securities of the Company were recorded before the day on which the share
placement is made to various sophisticated or professional investors
('investors') that fall within one or more of the classes of exemptions
specified in section 708 of the Corporation Act on the terms and conditions as
contained in this Notice of Meeting and attached Explanatory Memorandum.'


Outcome of Resolution 3 - Passed on a show of hands


The total number of proxy votes exercisable by all proxies validly appointed was
55,530,995.


The instructions in respect of the proxies were:

         FOR               AGAINST          ABSTAIN              PROXY'S
                                                               DISCRETION
       55,233,145          236,960            ---                 60,890



                                      ENDS


For further information


Union Resources Limited (Tel: 00 61 7 3833 3833)
Rob Murdoch - Managing Director

www.unionresources.com.au


Westhouse Securities LLP (Tel: 020 7601 6100)
Bill Staple
Richard Morrison


Bankside Consultants (Tel: 020 7367 8888)
Keith Irons
Simon Rothschild




                      This information is provided by RNS
            The company news service from the London Stock Exchange