|
|
|
|
KIG MINING PLC Minutes of a General Meeting of the Company Chairman Mr. V. Kaprelian took the chair of the meeting. Notice and Quorum The chairman reported that the quorum necessary for a general meeting of the Company was present. The notice convening the meeting was taken as read. Proxies The chairman reported that few proxies had been received at the Company’s registered office by the deadline of 48 hours prior to the meeting. Approval of Resolutions IT WAS RESOLVED THAT Resolution 1 as set out in the notice convening the meeting be and is hereby approved as an ordinary resolution. IT WAS RESOLVED THAT Resolution 2 as set out in the notice convening the meeting be and is hereby approved as a special resolution. IT WAS RESOLVED THAT Resolution 3 as set out in the notice convening the meeting be and is hereby approved as a special resolution. Total votes cast at the meeting of which 91.3% were in favour of Resolutions 1 and 2 while 8.7% were against Resolutions 1 and 2, and 100% were in favour of Resolution 3. New directors appointed as of 14 April 2009 are Mr Hendrik J. Gerber and Mr Lameh Fares. IT WAS RESOLVED THAT as of resolution 3 shares in capital issued were totalling 186,102,998 ordinary shares up to the date of the general meeting. Other Business The chairman reported upon strategic changes to the Company’s prime business of mining operations. It was noted that the focus of the business was to move from West Africa (Liberia) to Southern Africa, to reduce risk and to seek more productive results. A full business plan and other details will be announced at the appropriate time and will be available on the Company’s website and all related public media will receive press releases. Close of Meeting |
||||||||
|
|||||||||
