Results of General Meeting of the Company Held on March 18, 2011
The following information is provided regarding the results of the General Meeting of the Company held on March 18, 2011 at 10.00am (AEST).
The resolutions voted on were in accordance with the Notice of General Meeting previously advised to the Australian Securities Exchange. In accordance with Section 251AA of the Corporations Act 2001, the following information is provided:
Note: Resolution 1 relating to the Approval of issue of Convertible Notes – Convertible Note Loan Agreement and Resolution 2 relating to the Approval of issue of Shares on conversion of Convertible Notes – Funding Facility as set out on the Notice of Meeting were withdrawn due to insufficient shareholder support. It is the Company’s intention to restructure and/or revise these facilities.
Resolution 3. Approval of issue of Management Options to Mr Peter Collery or a nominee - Passed on a show of hands
Resolution 4. Approval of issue of Management Options to Karel Louman or a nominee - Passed on a show of hands
Resolution 5. Approval of issue of Management Options to Jeffrey Clarke or a nominee - Passed on a show of hands
Resolution 6. Ratification of 2010 Placement Issue - Passed on a show of hands
Resolution 7. Approval of issue of March 2010 Placement Options - Passed on a show of hands
Resolution 8. Approval of Okap Options - Passed on a show of hands
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