Information  X 
Enter a valid email address

Union Resources LTD (URL)

  Print      Mail a friend

Friday 23 November, 2007

Union Resources LTD

Result of AGM


                            Union Resources Limited                            

                Annual General Meeting - Outcome of Resolutions          
      

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

 1. resolution 1 (AGENDA ITEM 3) (Ordinary resolution)
   
"That Mr Ian Ross, who retires in accordance with the Company's constitution
and being eligible offers himself for re-election, is re-elected a director of
the Company."

Outcome of Resolution 1 - Passed on a show of hands

The total number of proxy votes exercisable by all proxies validly appointed
was 448,723,701.

The instructions in respect of the proxies were:

       FOR               AGAINST             ABSTAIN            PROXY'S      
                                                                             
                                                               DISCRETION    
                                                                             
   448,723,701              -                   -                  -         

 2. resolution 2 (AGENDA ITEM 4) (Ordinary resolution)
   
"That Mr Mark Pratt, who was appointed a director of the Company by the
Directors on 19 September 2007 pursuant to clause 57.1 of the Company's
constitution, is elected as a director of the Company with effect from the end
of the Meeting."

Outcome of Resolution 2 - Passed on a show of hands

The total number of proxy votes exercisable by all proxies validly appointed
was 448,723,701.

The instructions in respect of the proxies were:

       FOR               AGAINST             ABSTAIN            PROXY'S      
                                                                             
                                                               DISCRETION    
                                                                             
   447,433,701          1,290,000               -                  -         

 4. resolution 3 (AGENDA ITEM 5) (Ordinary resolution)
   
"That The Rt Hon Lord Lamont of Lerwick is elected as a director of the Company
with effect from the end of the Meeting."

Outcome of Resolution 3 - Passed on a show of hands

The total number of proxy votes exercisable by all proxies validly appointed
was 448,723,701.

The instructions in respect of the proxies were:

       FOR               AGAINST             ABSTAIN            PROXY'S      
                                                                             
                                                               DISCRETION    
                                                                             
   405,007,898         43,715,803               -                  -         

 5. resolution 4 (AGENDA ITEM 6) (Ordinary resolution)
   
"That the issue of 75,000,000 fully paid ordinary shares in the capital of the
Company at $0.02 per share to HSBC Custody Nominees (Australia) Limited as
nominee for RAB Special Situations (Master) Fund Limited on 5 September 2007 is
hereby ratified for the purposes of ASX Listing Rule 7.4 and for all other
purposes."

Outcome of Resolution 4 - Passed on a show of hands

The total number of proxy votes exercisable by all proxies validly appointed
was 448,723,701.

The instructions in respect of the proxies were:

       FOR               AGAINST             ABSTAIN            PROXY'S      
                                                                             
                                                               DISCRETION    
                                                                             
   235,905,343         43,715,803          169,102,555             -         

 6. resolution 5 (AGENDA ITEM 7) (Ordinary resolution)
   
"That the issue of 24,000,000 fully paid ordinary shares in the capital of the
Company at $0.02 per share to HSBC Custody Nominees (Australia) Limited as
nominee for Lundin Mining AB on 5 September 2007 is hereby ratified for the
purposes of ASX Listing Rule 7.4 and for all other purposes."

Outcome of Resolution 5 - Passed on a show of hands

The total number of proxy votes exercisable by all proxies validly appointed
was 448,723,701.

The instructions in respect of the proxies were:

       FOR               AGAINST             ABSTAIN            PROXY'S      
                                                                             
                                                               DISCRETION    
                                                                             
   226,507,898         43,715,803          178,500,000             -         

 7. resolution 6 (AGENDA ITEM 8) (Ordinary resolution)
   
"That the issue of 2,500,000 fully paid ordinary shares in the capital of the
Company at $0.02 per share to Bow Lane Nominees Pty Ltd on 5 September 2007 is
hereby ratified for the purposes of ASX Listing Rule 7.4 and for all other
purposes."

Outcome of Resolution 6 - Passed on a show of hands

The total number of proxy votes exercisable by all proxies validly appointed
was 448,723,701.

The instructions in respect of the proxies were:

       FOR               AGAINST             ABSTAIN            PROXY'S      
                                                                             
                                                               DISCRETION    
                                                                             
   376,183,643         72,540,058               -                  -         

 8. resolution 7 (AGENDA ITEM 9) (Ordinary resolution)
   
"That the issue of up to 5,172,097 bonus fully paid ordinary shares in the
capital of the Company to all or any of those Shareholders who participated in
the offer dated 26 June 2007 under the Company's Share Purchase Plan, on the
terms and conditions contained in this Notice of Meeting, be approved for the
purposes of ASX Listing Rule 7.1 and for all other purposes."

Outcome of Resolution 7 - Passed on a show of hands

The total number of proxy votes exercisable by all proxies validly appointed
was 448,723,701.

The instructions in respect of the proxies were:

       FOR               AGAINST             ABSTAIN            PROXY'S      
                                                                             
                                                               DISCRETION    
                                                                             
   405,006,989         43,715,803               -                1,000       

 9. resolution 8 (AGENDA ITEM 10) (Ordinary resolution)
   
"That for the purposes of ASX Listing Rule 10.11, and for all other purposes,
the Company is authorised to issue up to 64,814 bonus fully paid ordinary
shares in the capital of the Company to Ian Wargent Ross, and otherwise on the
terms and conditions contained in this Notice of meeting."

Outcome of Resolution 8 - Passed on a show of hands

The total number of proxy votes exercisable by all proxies validly appointed
was 448,723,701.

The instructions in respect of the proxies were:

       FOR               AGAINST             ABSTAIN            PROXY'S      
                                                                             
                                                               DISCRETION    
                                                                             
   404,891,898         43,831,803               -                  -         

10. resolution 9 (AGENDA ITEM 11) (Ordinary resolution)
   
"That for the purposes of ASX Listing Rule 10.11 and Part 2E of the
Corporations Act 2001 (Cwth), and for all other purposes, the Company is
authorised to issue 7,999,998 options to subscribe for ordinary shares in the
capital of the Company to Frank William Reid, and otherwise on the terms and
conditions contained in this Notice of meeting."

Outcome of Resolution 9 - Passed on a show of hands

The total number of proxy votes exercisable by all proxies validly appointed
was 448,723,701.

The instructions in respect of the proxies were:

       FOR               AGAINST             ABSTAIN            PROXY'S      
                                                                             
                                                               DISCRETION    
                                                                             
   403,601,898         45,121,803               -                  -         

11. resolution 10 (AGENDA ITEM 12) (Ordinary resolution)
   
"That for the purposes of ASX Listing Rule 10.11 and Part 2E of the
Corporations Act 2001 (Cwth), and for all other purposes, the Company is
authorised to issue 6,000,000 options to subscribe for ordinary shares in the
capital of the Company to The Rt Hon Lord Lamont of Lerwick, and otherwise on
the terms and conditions contained in this Notice of meeting."

Outcome of Resolution 10 - Passed on a show of hands

The total number of proxy votes exercisable by all proxies validly appointed
was 448,723,701.

The instructions in respect of the proxies were:

       FOR               AGAINST             ABSTAIN            PROXY'S      
                                                                             
                                                               DISCRETION    
                                                                             
   403,601,898         45,121,803               -                  -         

12. resolution 11 (AGENDA ITEM 13) (Ordinary resolution)
   
"That the issue of securities in accordance with the Union Resources Limited
Employee Share Option Plan be approved for the purposes of ASX Listing Rule 7.2
and for all other purposes."

Outcome of Resolution 11 - Passed on a show of hands

The total number of proxy votes exercisable by all proxies validly appointed
was 448,723,701.

The instructions in respect of the proxies were:

       FOR               AGAINST             ABSTAIN            PROXY'S      
                                                                             
                                                               DISCRETION    
                                                                             
   376,704,456         45,120,803            127,250           26,771,192    

13. resolution 12 (AGENDA ITEM 14) (Ordinary resolution)
   
"That for the purposes of ASX Listing Rule 10.14 and Part 2E of the
Corporations Act 2001 (Cwth), and for all other purposes, the Company is
authorised to issue 1,000,000 options to subscribe for ordinary shares in the
capital of the Company exercisable at two cents ($0.02) per option to James
Collins-Taylor or his nominee, and otherwise on the terms and conditions
contained in this Notice of Meeting."

Outcome of Resolution 12 - Passed on a show of hands

The total number of proxy votes exercisable by all proxies validly appointed
was 448,723,701.

The instructions in respect of the proxies were:

       FOR               AGAINST             ABSTAIN            PROXY'S      
                                                                             
                                                               DISCRETION    
                                                                             
   354,961,559         45,121,803          21,869,147          26,771,192    

14. resolution 13 (AGENDA ITEM 15) (Ordinary resolution)
   
"That for the purposes of ASX Listing Rule 10.14 and Part 2E of the
Corporations Act 2001 (Cwth), and for all other purposes, the Company is
authorised to issue 1,000,000 options to subscribe for ordinary shares in the
capital of the Company exercisable at two cents ($0.02) per option to Ian
Wargent Ross or his nominee, and otherwise on the terms and conditions
contained in this Notice of Meeting."

Outcome of Resolution 13 - Passed on a show of hands

The total number of proxy votes exercisable by all proxies validly appointed
was 448,723,701.

The instructions in respect of the proxies were:

       FOR               AGAINST             ABSTAIN            PROXY'S      
                                                                             
                                                               DISCRETION    
                                                                             
   403,601,898         45,121,803               -                  -         

15. resolution 14 (AGENDA ITEM 16) (Ordinary resolution)
   
"That for the purposes of ASX Listing Rule 10.14 and Part 2E of the
Corporations Act 2001 (Cwth), and for all other purposes, the Company is
authorised to issue 1,000,000 options to subscribe for ordinary shares in the
capital of the Company exercisable at two cents ($0.02) per option to Karl-Axel
Waplan or his nominee, and otherwise on the terms and conditions contained in
this Notice of meeting."

Outcome of Resolution 14 - Passed on a show of hands

The total number of proxy votes exercisable by all proxies validly appointed
was 448,723,701.

The instructions in respect of the proxies were:

       FOR               AGAINST             ABSTAIN            PROXY'S      
                                                                             
                                                               DISCRETION    
                                                                             
   403,601,898         45,121,803               -                  -         

16. resolution 15 (AGENDA ITEM 17) (Ordinary resolution)
   
"That the Remuneration Report for the year ended 30 June 2007 be adopted."

Outcome of Resolution 15 - Passed on a show of hands

The total number of proxy votes exercisable by all proxies validly appointed
was 448,723,701.

The instructions in respect of the proxies were:

       FOR               AGAINST             ABSTAIN            PROXY'S      
                                                                             
                                                               DISCRETION    
                                                                             
   403,602,898         45,120,803               -                  -         



UNION RESOURCES LIMITED
John Lemon
Company Secretary



Enquires to:

Australia: Union Resources Limited
Dr Frank Reid - Managing Director
Phone: +61 07 3833 3833

London: Hanson Westhouse Limited
Bill Staple or Martin Davison
0207 7601 6100

Bankside Consultants
Simon Rothschild / Louise Mason
0207 367 8888