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 Karl-Axel Waplan, 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 147,065,361.
The instructions in respect of the proxies were: FOR AGAINST ABSTAIN PROXY'S
DISCRETION
121,860,111 300,000 110,000 24,795,250 2. resolution 2 (AGENDA ITEM 4) (Ordinary resolution)
"That Mr James Collins-Taylor, 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 2 - Passed on a show of hands The total number of proxy votes exercisable by all proxies validly appointed
was 147,065,361.
The instructions in respect of the proxies were: FOR AGAINST ABSTAIN PROXY'S
DISCRETION
121,860,111 300,000 110,000 24,795,250 3. resolution 3 (AGENDA ITEM 5) (Ordinary resolution)
"That Mr Stephen Gatley, who was appointed a director of the Company by the
Directors on 18 February 2008 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 3 - Passed on a show of hands The total number of proxy votes exercisable by all proxies validly appointed
was 147,065,361.
The instructions in respect of the proxies were: FOR AGAINST ABSTAIN PROXY'S
DISCRETION
121,860,111 300,000 110,000 24,795,250 4. resolution 4 (AGENDA ITEM 6) (Ordinary resolution)
"That Mr John Lemon, who was appointed a director of the Company by the
Directors on 25 March 2008 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 4 - Passed on a show of hands The total number of proxy votes exercisable by all proxies validly appointed
was 147,065,361.
The instructions in respect of the proxies were: FOR AGAINST ABSTAIN PROXY'S
DISCRETION
121,860,111 300,000 110,000 24,795,250 5. resolution 5 (AGENDA ITEM 7) (Ordinary resolution)
"That the issue of 9,000,000 fully paid ordinary shares in the capital of the
Company to Weitzenberg Foundation, Vaduz on 20 October 2008 is hereby approved
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 138,065,361.
The instructions in respect of the proxies were: FOR AGAINST ABSTAIN PROXY'S
DISCRETION
121,800,111 470,000 --- 15,795,250 6. resolution 6 (AGENDA ITEM 8) (Ordinary resolution)
"That for the purposes of ASX Listing Rule 10.11 and for all other purposes the
Company is authorised to issue 795,455 fully paid ordinary shares in the
capital of the Company to James Desmond Collins-Taylor in lieu of director's
fees for the period 1 October 2008 - 31 December 2008, and otherwise on the
terms and conditions contained in this Notice of Meeting." Outcome of Resolution 6 - Passed on a show of hands The total number of proxy votes exercisable by all proxies validly appointed
was 147,065,361.
The instructions in respect of the proxies were: FOR AGAINST ABSTAIN PROXY'S
DISCRETION
121,773,609 470,000 15,175,000 9,646,752 7. resolution 7 (AGENDA ITEM 9) (Ordinary resolution)
"That for the purposes of ASX Listing Rule 10.11 and for all other purposes the
Company is authorised to issue 795,455 fully paid ordinary shares in the
capital of the Company to Ian Wargent Ross in lieu of director's fees for the
period 1 October 2008 - 31 December 2008, and otherwise on the terms and
conditions contained in this Notice of Meeting." Outcome of Resolution 7 - Passed on a show of hands The total number of proxy votes exercisable by all proxies validly appointed
was 147,065,361.
The instructions in respect of the proxies were: FOR AGAINST ABSTAIN PROXY'S
DISCRETION
121,800,111 470,000 --- 24,795,250 8. 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 795,455 fully paid ordinary shares in the
capital of the Company to Karl-Axel Waplan in lieu of director's fees for the
period 1 October 2008 - 31 December 2008, 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 147,065,361.
The instructions in respect of the proxies were: FOR AGAINST ABSTAIN PROXY'S
DISCRETION
121,800,111 470,000 --- 24,795,250 9. resolution 9 (AGENDA ITEM 11) (Ordinary resolution)
"That for the purposes of ASX Listing Rule 10.11 and for all other purposes the
Company is authorised to issue 2,045,455 fully paid ordinary shares in the
capital of the Company to The Rt Hon Lord Lamont of Lerwick in lieu of
director's fees for the period 1 October 2008 - 31 December 2008, 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 147,065,361.
The instructions in respect of the proxies were: FOR AGAINST ABSTAIN PROXY'S
DISCRETION
121,800,111 470,000 - 24,795,250 10. resolution 10 (AGENDA ITEM 12) (Ordinary resolution)
"That for the purposes of ASX Listing Rule 10.11 and for all other purposes,
the Company is authorised to issue 795,455 fully paid ordinary shares in the
capital of the Company to Stephen Gatley in lieu of director's fees for the
period 1 October 2008 - 31 December 2008, 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 147,065,361.
The instructions in respect of the proxies were: FOR AGAINST ABSTAIN PROXY'S
DISCRETION
121,800,111 470,000 - 24,795,250 11. resolution 11 (AGENDA ITEM 13) (Ordinary resolution)
"That for the purposes of ASX Listing Rule 10.11 and for all other purposes the
Company is authorised to issue 3,291,422 fully paid ordinary shares in the
capital of the Company to Dr Frank William Reid in lieu of Managing Director's
salary of US$25,000, being part of the salary payable to Dr Reid in respect of
the period 1 October 2008 - 31 December 2008, and otherwise on the terms and
conditions contained in this Notice of Meeting." Outcome of Resolution 11 - Passed on a show of hands The total number of proxy votes exercisable by all proxies validly appointed
was 147,065,361.
The instructions in respect of the proxies were: FOR AGAINST ABSTAIN PROXY'S
DISCRETION
121,800,111 470,000 --- 24,795,250 12. resolution 12 (AGENDA ITEM 14) (Ordinary resolution)
"That the Remuneration Report for the year ended 30 June 2008 be adopted." Outcome of Resolution 12 - Passed on a show of hands The total number of proxy votes exercisable by all proxies validly appointed
was 147,065,361.
The instructions in respect of the proxies were: FOR AGAINST ABSTAIN PROXY'S
DISCRETION
120,210,111 1,950,000 110,000 24,795,250 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 END
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