Microsoft Word - 20151126 Outcome of AGM - draft v4.docx
ASX Announcement / Media Release
26 November 2015
Outcome of Annual General Meeting
ASX Code: ORN
Issued Capital: Ordinary Shares: 306M Options: 37M
Directors: Denis Waddell
Chairman
Errol Smart
Managing Director, CEO
Bill Oliver
Technical Director
Alexander Haller
Non-Executive Director
Management: Kim Hogg
Company Secretary
Martin Bouwmeester
Business Development Manager
Suite 2
64 Thomas Street West Perth WA 6005 ABN 76 098 939 274
T: +61 8 9485 2685
E: [email protected]
The Annual General Meeting (AGM) of shareholders of Orion Gold NL (ASX: ORN) (Orion or the Company) was held at 10.00 am (WST) on 26 November 2015 at Bentleys, Level 1, 12 Kings Park Road, West Perth, Western Australia.
The Company confirms that all resolutions put to shareholders at the AGM were carried on a show of hands. Resolution 3 was withdrawn by the Directors. In accordance with Listing Rule 3.13.2 and Section 251AA of the Corporations Act, the following information is provided in relation to the resolutions considered by shareholders at the AGM.
Resolution 1 - Remuneration Report
|
For
|
Against
|
Proxy's discretion
|
Abstention
|
|
51,388,150
|
196,554
|
6,430,441
|
375
|
The motion was carried on a show of hands as an ordinary resolution.
Resolution 2 - Re-election of Director - Mr Alexander Haller
|
For
|
Against
|
Proxy's discretion
|
Abstention
|
|
147,174,893
|
145,066
|
6,430,441
|
11,300,928
|
The motion was carried on a show of hands as an ordinary resolution.
Resolution 3 - Approval of Prior Issue of Shares
|
For
|
Against
|
Proxy's discretion
|
Abstention
|
|
Resolution withdrawn
|
The rationale for this resolution was outlined in the Explanatory Memorandum to the Notice of Meeting. On the basis that the Company had not issued Shares to selected sophisticated and professional investors prior to the date of the AGM, Resolution 3 was withdrawn by the Directors.
Resolution 4 - Proposed issue of Shares to sophisticated and professional investors
|
For
|
Against
|
Proxy's discretion
|
Abstention
|
|
158,424,041
|
196,846
|
6,430,441
|
0
|
The motion was carried on a show of hands as an ordinary resolution.
Resolution 5 - Proposed issue of Shares to Tarney Holdings Pty Ltd
|
For
|
Against
|
Proxy's discretion
|
Abstention
|
|
125,346,511
|
61,605
|
6,430,441
|
0
|
The motion was carried on a show of hands as an ordinary resolution.
Resolution 6 - Proposed issue of Shares to Silja Investment Ltd
|
For
|
Against
|
Proxy's discretion
|
Abstention
|
|
99,745,111
|
201,605
|
6,430,441
|
0
|
The motion was carried on a show of hands as an ordinary resolution.
Resolution 7 - Proposed issue of Shares to a Director (Mr Errol Smart (or his nominee))
|
For
|
Against
|
Proxy's discretion
|
Abstention
|
|
149,852,615
|
201,605
|
6,430,441
|
0
|
The motion was carried on a show of hands as an ordinary resolution.
Resolution 8 - Orion Gold Option & Performance Rights Plan
|
For
|
Against
|
Proxy's discretion
|
Abstention
|
|
51,382,907
|
202,172
|
6,430,441
|
1,111,111
|
The motion was carried on a show of hands as an ordinary resolution
Resolution 9 - Proposed grant of options to Mr Denis Waddell (or his nominee)
|
For
|
Against
|
Proxy's discretion
|
Abstention
|
|
125,202,177
|
202,605
|
6,433,775
|
0
|
The motion was carried on a show of hands as an ordinary resolution
Resolution 10 - Proposed grant of options to Mr Errol Smart (or his nominee)
|
For
|
Against
|
Proxy's discretion
|
Abstention
|
|
149,848,281
|
202,605
|
6,433,775
|
0
|
The motion was carried on a show of hands as an ordinary resolution
Resolution 11 - Proposed grant of options to Mr William Oliver (or his nominee)
|
For
|
Against
|
Proxy's discretion
|
Abstention
|
|
152,943,860
|
202,605
|
6,433,775
|
0
|
The motion was carried on a show of hands as an ordinary resolution
Resolution 12 - Proposed grant of employee options to Mr Martin Bouwmeester (or his nominee)
|
For
|
Against
|
Proxy's discretion
|
Abstention
|
|
157,303,837
|
202,605
|
6,433,775
|
0
|
The motion was carried on a show of hands as an ordinary resolution
Errol Smart
Managing Director and CEO Company Enquiries:
Errol Smart - Managing Director and CEO Denis Waddell - Chairman
T: +61 8 9485 2685
E: [email protected]
About Orion
Orion Gold is focused on acquiring, exploring and developing large tenement holdings or regional scale mineral opportunities in world-class mineral provinces. The Company has acquired quality projects in proven mineral provinces, including a substantial tenement holding in the Albany-Fraser Belt, host to Australia's two most significant discoveries of the last decade (the Tropicana Gold Deposit and the Nova Nickel-Copper-Cobalt Deposit). Part of this tenement holding was acquired from entities associated with Mark Creasy who is now a significant shareholder in Orion. The project area was previously explored by Western Areas Ltd who identified mafic-ultramafic intrusives within the project area as well as nickel-copper-cobalt-PGE anomalies. Orion's intensive, systematic exploration programs have successfully defined 34 targets to date by a combination of geological, geochemical and geophysical methods.
The Company has also secured a large tenement package on the Connors Arc in Queensland, where a significant intermediate sulphidation, epithermal gold and silver system has been identified at Aurora Flats. The project lies between the well-known Cracow and Mt Carlton epithermal deposits. The Company is increasing its focus on this project, following promising reports from expert consultants.
Recently, the Company secured an outstanding growth and diversification opportunity in the global base metals sector after entering into an option to acquire an advanced volcanic massive sulphide copper-zinc project located in South Africa with near-term production potential. The option gives Orion the right to acquire an effective 73.33% interest in the a portfolio of projects including an exploration project at the Prieska Copper Project, located near Copperton in the Northern Cape province of South Africa, and the Marydale Prospecting Right, a virgin gold discovery of possible epithermal origin, located 60 kilometres from the Prieska Copper Project. The Company is progressing extensive due diligence investigations.
Additionally, the Company has its Walhalla Project located in Victoria, where it is prospective for gold, copper - nickel and PGEs.
The Company has an experienced management team with a proven track record in exploration, development and adding shareholder value.