Result of AGM

RNS Number : 4652T

Golden Prospect Precious Metals Ltd

05 June 2009

 

5 June 2009

Golden Prospect Precious Metals Limited ('GPPM' or the 'Company')

Result of Annual General Meeting and Warrantholders Meeting

Admission to ITBB/International Bulletin Board of the London Stock Exchange

Golden Prospect Precious Metals Limited ('GPPM' or the 'Company') announces that at the Annual General Meeting of the Company held at 11:00 a.m. today, all resolutions set out in the notice of the Meeting dated 14 May 2009 were duly passed, including the special resolution to approve the cancellation of the trading on AIM in the Company's ordinary shares of £0.001 each ('Ordinary Shares') by the requisite 75% majority of Shareholders (as required by the AIM Rules for Companies (the 'AIM Rules')).

In addition, the Company announces that at the separate Warrantholders Meeting held immediately following the conclusion of the Company's Annual General Meeting today, the extraordinary resolution (set out in the notice of the Meeting dated 14 May 2009) to approve the cancellation of the trading on AIM in the Company's warrants to subscribe for Ordinary Shares (the 'Warrants') was also passed by the requisite 75% majority of Warrantholders (as required by the AIM Rules).

It is therefore expected that the last day of trading in the Company's Ordinary Shares and Warrants on AIM will be Monday, 15 June 2009 and that the cancellation of the trading on AIM in the Company's Ordinary Shares and Warrants ('AIM Cancellation') will take place at 7.00 am. on Tuesday, 16 June 2009.

The Company also announces that the London Stock Exchange has agreed to admit the Company's Ordinary Shares and Warrants to trading on the International Bulletin Board of the London Stock Exchange (the 'ITBB'), the order-driven trading service for international securities, and it is anticipated that such admission will become effective ('ITBB Admission') at 8.00 a.m. on Tuesday, 16 June 2009.

Neither the AIM Cancellation nor the ITBB Admission will affect the listing of the Company's Ordinary Shares and Warrants on the Channel Islands Stock Exchange ('CISX'), which will continue unaffected.

Enquiries:-

Northern Trust International Fund

Administration Services (Guernsey) Limited        Tel: [phone]

Gillian Newton

Singer Capital Markets Limited                          Tel: [phone]
Jos Trusted

 

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