Microsoft Word - Result of Scheme Meeting 25 Aug 2015.doc
ACN 009 079 047
Suite 9, 5 Centro Avenue
Subiaco WA 6008
Phone: +61 8 9481 4920
Fax: +61 8 9226 2027
Email: [email protected]
25 August 2015
The Company Announcements Office
Australian Securities Exchange
via electronic lodgement
RESULTS OF SCHEME MEETING
Black Range Minerals Limited ("Black Range") is pleased to announce that Black Range shareholders today voted in favour of the scheme of arrangement ("Scheme") which, subject to the approval of Federal Court of Australia ("Court"), will facilitate the acquisition of all of the ordinary shares on issue in Black Range by Western Uranium Corporation ("Western"). The meeting results are consistent with the unanimous recommendation of the Black Range directors.
Results of Scheme Meeting
The resolution to approve the Scheme was passed at today's Scheme meeting by the following majorities, which exceed the requisite majorities required for the purposes of the Corporations Act
2001 (Cth):
98.41% of votes cast in favour of the Scheme resolution; and
92.66% of the number of shareholders present and voting (either in person or by proxy) in favour of the Scheme resolution.
The votes cast on the Scheme resolution, which was put to a poll at the Scheme meeting, were as follows:
|
Number of votes
|
% of votes
|
Number of shareholders
|
% of shareholders
|
|
Votes "FOR" the Scheme
Resolution
|
1,714,247,963
|
98.41%
|
328
|
92.66%
|
|
Votes "AGAINST" the
Scheme Resolution
|
27,685,832
|
1.59%
|
26
|
7.34%
|
|
Total
|
1,741,933,795
|
100.00%
|
354
|
100.00%
|
In addition, 8,738,044 "Abstain" votes were recorded from 5 shareholders.
359 valid proxies were received for the Scheme meeting, representing 1,750,671,839 shares. In accordance with section 251AA(2) of the Corporations Act, Black Range advises that proxy votes were received as follows:
|
For
|
Against
|
Proxy Holder
Discretion
|
Abstain
|
|
Scheme Resolution
|
1,676,196,696
|
27,685,832
|
38,051,267
|
8,738,044
|
Second Court Hearing
A second hearing before the Court to approve the Scheme is scheduled to be held at 10.15am WST on 4 September 2015. Black Range will make a further announcement following the second Court hearing.
Shareholder Queries
If shareholders have any questions about the Scheme or the Scheme Meeting, they should contact the Company on +61 8 9481 4920 or consult your legal, investment, taxation or other professional adviser.
For further information please contact:
Michael Haynes Ian Cunningham Managing Director Company Secretary Phone: +61 8 9481 4920 Phone: +61 8 9481 4920
Email: [email protected] Email: [email protected]