Notice of AGM
HARVEST MINERALS LIMITED
ACN 143 303 388
NOTICE OF ANNUAL GENERAL MEETING
TIME: 10:30 am (WST)
DATE: 27 November 2015
PLACE: Level 1, 330 Churchill Avenue
Subiaco, WA 6008
This Notice of Annual General Meeting is an important document and requires your immediate attention. Please read it carefully. If you are in doubt as to what you should do, please consult your professional adviser.
CONTENTS PAGE
Notice of Annual General Meeting (setting out the proposed resolutions) 2
Explanatory Statement (explaining the proposed resolutions) 3
Glossary 7
Schedule 1 - Issues of Equity Securities since 27 November 2014 9
TIME AND PLACE OF MEETING AND HOW TO VOTE
VENUE
The Annual General Meeting of the Shareholders of Harvest Minerals Limited which this Notice of Annual General Meeting relates to will be held at 10:30 am (WST) on 27 November 2015 at:
Level 1, 330 Churchill Avenue
Subiaco, WA 6008
VOTING IN PERSON
To vote in person, attend the Annual General Meeting on the date and at the place set out above.
VOTING BY PROXY
To vote by proxy, please complete and sign the enclosed Proxy Form and return by the time and in accordance with the instructions set out on the Proxy Form.
Proxy vote if appointment specifies way to vote
Section 250BB(1) of the Corporations Act provides that an appointment of a proxy may specify the way the proxy is to vote on a particular resolution and, if it does:
· the proxy need not vote on a show of hands, but if the proxy does so, the proxy must vote that way (i.e. as directed); and
· if the proxy has 2 or more appointments that specify different ways to vote on the resolution - the proxy must not vote on a show of hands; and
· if the proxy is the chair of the meeting at which the resolution is voted on - the proxy must vote on a poll, and must vote that way (i.e. as directed); and
· if the proxy is not the chair - the proxy need not vote on the poll, but if the proxy does so, the proxy must vote that way (i.e. as directed).
Transfer of non-chair proxy to chair in certain circumstances
Section 250BC of the Corporations Act provides that, if:
· an appointment of a proxy specifies the way the proxy is to vote on a particular resolution at a meeting of the Company's members; and
· the appointed proxy is not the chair of the meeting; and
· at the meeting, a poll is duly demanded on the resolution; and
· either of the following applies:
o the proxy is not recorded as attending the meeting;
o the proxy does not vote on the resolution,
the chair of the meeting is taken, before voting on the resolution closes, to have been appointed as the proxy for the purposes of voting on the resolution at the meeting.
NOTICE OF annual GENERAL MEETING
Notice is given that the Annual General Meeting of Shareholders of Harvest Minerals Limited will be held at Level 1, 330 Churchill Avenue, Subiaco, Western Australia 6008 at 10:30 am (WST) on 27 November 2015.
The Explanatory Statement provides additional information on matters to be considered at the Annual General Meeting. The Explanatory Statement and the Proxy Form are part of this Notice of Meeting.
The Directors have determined pursuant to Regulation 7.11.37 of the Corporations Regulations 2001 (Cth) that the persons eligible to vote at the Annual General Meeting are those who are registered Shareholders of the Company on 25 November 2015 at 4:00pm (WST).
Terms and abbreviations used in this Notice and Explanatory Statement are defined in the Glossary.
AGENDA
ORDINARY BUSINESS
Financial Statements and Reports
To receive and consider the annual financial report of the Company for the financial year ended 30 June 2015 together with the declaration of the directors, the directors' report, the remuneration report and the auditor's report.
1. Resolution 1 - adoption of remuneration report
To consider and if thought fit, to pass, with or without amendment, the following resolution as a non-binding resolution:
"That for the purposes of Section 250R(2) of the Corporations Act, and for all other purposes, approval is given for the adoption of the remuneration report as contained in the Company's annual financial report for the financial period ended 30 June 2015."
Note: the vote on this Resolution is advisory only and does not bind the Directors or the Company.
Voting Prohibition Statement:
A vote on this Resolution must not be cast (in any capacity) by or on behalf of any of the following persons:
(a) a member of the Key Management Personnel, details of whose remuneration are included in the Remuneration Report; or
(b) a Closely Related Party of such a member.
However, a person (the Voter) described above may vote on this Resolution as a proxy vote if the vote is not cast on behalf of a person described above and either:
(a) the Voter is appointed as a proxy by writing that specifies the way the proxy is to vote on the Resolution; or
(b) the Voter is the Chair and the appointment of the Chair as proxy:
(i) does not specify the way the proxy is to vote on this Resolution; and
(ii) expressly authorises the Chair to exercise the proxy even if the Resolution is connected directly or indirectly with the remuneration of a member of the Key Management Personnel for the Company, or if the Company is part of a consolidated entity, for the entity.
2. RESOLUTION 2 - Re-ELECTION OF A DIRECTOR - MR BRIAN MCMASTER
To consider and if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution:
"That, for the purpose of clause 14.2 of the Constitution and for all other purposes, Mr Brian McMaster, a Director, retires by rotation, and being eligible, is re-elected as a Director."
3. RESOLUTION 3 - RE-ELECTION OF A DIRECTOR - MR FRANK MOXON
To consider and if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution:
"That, for the purpose of clause 14.4 of the Constitution and for all other purposes, Mr Frank Moxon, a Director who was appointed on 6 October 2015, retires, and being eligible, is re-elected as a Director."
4. resolution 4 - APPROVAL OF 10% PLACEMENT capacity
To consider and, if thought fit, to pass with or without amendment, the following resolution as a special resolution:
"That pursuant to and in accordance with Listing Rule 7.1A and for all other purposes, Shareholders approve the issue of Equity Securities totalling up to 10% of the issued capital of the Company (at the time of issue) calculated in accordance with the formula prescribed in Listing Rule 7.1A.2 and on the terms and conditions in the Explanatory Memorandum."
Voting Exclusion: The Company will disregard any votes cast on this Resolution by any person who may participate in the issue of Equity Securities under this Resolution and a person who may obtain a benefit, except a benefit solely in the capacity of a security holder, if the resolution is passed and any associates of those persons. However, the Company need not disregard a vote if it is cast by a person as a proxy for a person who is entitled to vote in accordance with the directions on the Proxy Form, or, it is cast by the person chairing the meeting as proxy for a person who is entitled to vote, in accordance with a direction on the Proxy Form to vote as the proxy decides.
DATED: 14 OCTOBER 2015
BY ORDER OF THE BOARD
JONATHAN HART
COMPANY SECRETARY
EXPLANATORY STATEMENT
This Explanatory Statement has been prepared for the information of the Shareholders of the Company in connection with the business to be conducted at the Annual General Meeting to be held at Level 1, 330 Churchill Avenue, Subiaco, Western Australia 6008 at 10:30 am (WST) on 27 November 2015.
This purpose of this Explanatory Statement is to provide information which the Directors believe to be material to Shareholders in deciding whether or not to pass the Resolutions in the Notice of Meeting.
1. financial statements and reports
In accordance with the Constitution, the business of the Annual General Meeting will include receipt and consideration of the annual financial report of the Company for the financial period ended 30 June 2015 together with the declaration of the directors, the directors' report, the remuneration report and the auditor's report.
The Company is not required to provide a hard copy of the Company's annual financial report to Shareholders unless a Shareholder has specifically elected to receive a printed copy.
Whilst the Company will not provide a hard copy of the Company's annual financial report unless specifically requested to do so, Shareholders may view the Company's annual financial report on its website at www.harvestminerals.net.
2. Resolution 1 - ADOPTION OF REMUNERATION REPORT
2.1 General
The Corporations Act requires that at a listed company's annual general meeting, a resolution that the remuneration report be adopted must be put to the shareholders. However, such a resolution is advisory only and does not bind the Directors or the Company.
The remuneration report sets out the Company's remuneration arrangements for the Directors and senior management of the Company. The remuneration report is part of the Directors' report contained in the annual financial report of the Company for the financial year ending 30 June 2015.
A reasonable opportunity will be provided for discussion of the remuneration report at the Annual General Meeting.
2.2 Voting Consequences
Under changes to the Corporations Act which came into effect on 1 July 2011, if at least 25% of the votes cast on Resolution 1 are voted against adoption of the Remuneration Report in two consecutive annual general meetings, the Company will be required to put to Shareholders a resolution proposing the calling of an extraordinary general meeting to consider the appointment of directors of the Company (Spill Resolution) at the second annual general meeting.
If more than 50% of votes cast are in favour of the Spill Resolution, the company must convene the extraordinary general meeting (Spill Meeting) within 90 days of the second annual general meeting. All of the directors who were in office when the directors' report (as included in the company's annual financial report for the financial year ended immediate before the second annual general meeting) was approved, other than the managing director of the company, will cease to hold office immediately before the end of the Spill Meeting but may stand for re-election at the Spill Meeting. Following the Spill Meeting those persons whose election or re-election as directors is approved will be the directors of the company.
2.3 Previous Voting Results
At the Company's previous annual general meeting, the votes cast against the remuneration report considered at that annual general meeting were less than 25%. Accordingly, the Spill Resolution is not relevant for this Annual General Meeting.
2.4 Proxy Restrictions
Shareholders appointing a proxy for this Resolution should note the following:
|
Proxy |
Directions given |
No directions given |
|
Key Management Personnel1 |
Vote as directed |
Unable to vote3 |
|
Chair2 |
Vote as directed |
Able to vote at discretion of Proxy4 |
|
Other |
Vote as directed |
Able to vote at discretion of Proxy |
Notes:
1 Refers to Key Management Personnel (other than the Chair) whose remuneration details are included in the Remuneration Report, or a Closely Related Party of such a member.
2 Refers to the Chair (where he/she is also a member of the Key Management Personnel whose remuneration details are included in the Remuneration Report), or a Closely Related Party of such a member).
3 Undirected proxies granted to these persons will not be voted and will not be counted in calculating the required majority if a poll is called on this Resolution.
4 The Proxy Form notes it is the Chair's intention to vote all undirected proxies in favour of all Resolutions.
3. Resolution 2 - re-election of DIRECTOR - mr BRIAN MCMASTER
Clause 14.2 of the Constitution requires that if the Company has three or more Directors, one third (or the number nearest one-third) of those Directors must retire at each annual general meeting, provided always that no Director (except a Managing Director) shall hold office for a period in excess of 3 years, or until the third annual general meeting following his or her appointment, whichever is the longer, without submitting himself or herself for re-election.
A Director who retires by rotation under clause 14.2 of the Constitution is eligible for re-election.
Accordingly Mr McMaster retires in accordance with the Constitution and, being eligible for re-election, offers himself for re-election at the Annual General Meeting.
4. RESOLUTION 3 - RE-ELECTION OF DIRECTOR - MR frank moxon
Clause 14.4 of the Constitution provides that the Directors may at any time appoint a person to be a Director, either to fill a casual vacancy or as an addition to the existing Directors, but so that the total number of Directors does not at any time exceed the maximum number specified by the Constitution. Pursuant to Clause 14.4 of the Constitution any Director so appointed holds office only until the next annual general meeting and is then eligible for re-election but shall not be taken into account in determining the Directors who are to retire by rotation (if any) at that meeting.
Mr Frank Moxon, having been appointed on 6 October 2015, will retire from office in accordance with the requirements of clause 14.4 of the Constitution and being eligible submits himself for election by Shareholders in accordance with clause 14.4 of the Constitution.
5. resolution 4 - APPROVAL OF 10% PLACEMENT CAPACITY
5.1 General
Listing Rule 7.1A enables entities to issue Equity Securities up to 10% of its issued share capital through placements over a 12 month period after the annual general meeting (10% Placement Facility). The 10% Placement Facility is in addition to the Company's 15% placement capacity under Listing Rule 7.1.
An eligible entity for the purposes of Listing Rule 7.1A is an entity that:
(a) is not included in the S&P/ASX 300 Index; and
(b) has a market capitalisation of $300 million or less (excluding restricted securities and securities quoted on a deferred settlement basis).
The Company is an eligible entity.
The Company is now seeking shareholder approval by way of a special resolution to have the ability to issue Equity Securities under the 10% Placement Facility. The exact number of Equity Securities to be issued under the 10% Placement Facility will be determined in accordance with the formula prescribed in Listing Rule 7.1A.2 (refer to Section 5.2(c) below).
The effect of Resolution 4 will be to allow the Company to issue the Equity Securities under Listing Rule 7.1A during the 10% Placement Period without subsequent Shareholder approval and without using the Company's 15% placement capacity under Listing Rule 7.1.
Resolution 4 is a special resolution and therefore requires approval of 75% of the votes cast by Shareholders present and eligible to vote (in person, by proxy, by attorney or, in the case of a corporate Shareholder, by a corporate representative).
5.2 Description of Listing Rule 7.1A
(a) Shareholder Approval
The ability to issue Equity Securities under the 10% Placement Capacity is subject to shareholder approval by way of a special resolution at an annual general meeting.
(b) Equity Securities
Any Equity Securities issued under the 10% Placement Capacity must be in the same class as an existing quoted class of Equity Securities of the Company.
(c) Formulae for calculating 10% Placement Capacity
The exact number of Equity Securities that the Company may issue under an approval under Listing Rule 7.1A will be calculated according to the following formula:
(A x D) - E
A is the number of shares on issue 12 months before the date of issue or agreement
· plus the number of fully paid shares issued in the previous 12 months under an exception in Listing Rule 7.2;
· plus the number of partly paid shares that become fully paid in the previous 12 months;
· plus the number of fully paid shares issued in the previous 12 months with approval of holders of Shares under Listing Rule 7.1 and 7.4. This does not include an issue of fully paid shares under the entity's 15% placement capacity without shareholder approval;
· less the number of fully paid shares cancelled in the 12 months.
Note that A has the same meaning in Listing Rule 7.1 when calculating an entity's 15% placement capacity.
D is 10%
E is the number of Equity Securities issued or agreed to be issued under the Listing Rule 7.1A.2 in the 12 months before the date of the issue or agreement to issue that are not issued with the approval of Shareholders under Listing Rule 7.1 or 7.4.
5.3 Minimum Issue Price
The issue price of Equity Securities issued under Listing Rule 7.1A must be not less than 75% of the VWAP of Equity Securities in the same class calculated over the 15 ASX trading days on which trades in that class were recorded immediately before:
(a) the date on which the price at which the Equity Securities are to be issued is agreed; or
(b) if the Equity Securities are not issued within 5 ASX trading days of the date in paragraph (a) above, the date on which the Equity Securities are issued.
5.4 10% Placement Period
The Equity Securities may be issued under the 10% Placement Capacity commencing on the date of the Meeting and expiring on the first to occur of the following:
(a) the date that is 12 months after the date of this annual general meeting at which approval is obtained; or
(b) the date of the approval by shareholders of a transaction under Listing Rules 11.1.2 (a significant change to the nature or scale of activities) or 11.2 (disposal of main understanding) (after which date, an approval under Listing Rule 7.1A ceases to be valid),
or such longer period if allowed by ASX (10% Placement Period).
5.5 Specific Information required in accordance with Listing Rule 7.3A
(a) Risk of voting dilution
Any issue of Equity Securities under the 10% Placement Capacity will dilute the interests of Shareholders who do not receive any Shares under the issue.
If Resolution 4 is approved by Shareholders and the Company issues the maximum number of Equity Securities available under the 10% Placement Capacity, the existing Shareholders' voting power in the Company will be diluted as shown in the below table (in the case of Options, only if the Options are exercised). There is a risk that:
(i) the market price for the Company's Shares may be significantly lower on the date of the issue of the Equity Securities than on the date of the Meeting; and
(ii) the Equity Securities may be issued at a price that is at a discount to the market price for the Company's Shares on the issue date,
which may have an effect on the amount of funds raised by the issue of the Equity Securities.
The table below shows the dilution of existing Shareholders on the basis of the current market price of Shares and the current number of ordinary securities for variable "A" calculated in accordance with the formula in Listing Rule 7.1A(2) as at the date of this Notice.
The table also shows:
(i) two examples where variable "A" has increased, by 50% and 100%. Variable "A" is based on the number of ordinary securities the Company has on issue. The number of ordinary securities on issue may increase as a result of issues of ordinary securities that do not require Shareholder approval (for example, a pro rata entitlements issue or scrip issued under a takeover offer) or future specific placements under Listing Rule 7.1 that are approved at a future Shareholders' meeting; and
(ii) two examples of where the issue price of ordinary securities has decreased by 50% and increased by 100% as against the current issue price.
Variable 'A' in Listing Rule 7.1A.2 |
|
Dilution |
||
$0.00850% decrease in Issue Price |
$0.016Current Issue Price |
$0.032100% Increase in Issue Price |
||
Current Variable A502,671,666 Shares |
Shares Issued |
50,267,166 |
50,267,166 |
50,267,166 |
Funds raised |
$402,137 |
$804,275 |
$1,608,549 |
|
50% increase in Variable A754,007,499 Shares |
Shares Issued |
75,400,749 |
75,400,749 |
75,400,749 |
Funds raised |
$603,206 |
$1,206,412 |
$2,412,824 |
|
100% increase in Variable A1,005,343,332 Shares |
Shares Issued |
100,534,333 |
100,534,333 |
100,534,333 |
Funds Raised |
$804,275 |
$1,608,549 |
$3,217,099 |
|
*The number of Shares on issue (Variable A in the formula) could increase as a result of the issue of Shares that do not require Shareholder approval (such as under a pro-rata rights issue or scrip issued under a takeover offer) or that are issued with Shareholder approval under Listing Rule 7.1.
The table above uses the following assumptions:
1. There are currently 502,671,666 Shares on issue as at the date of this Notice of Meeting.
2. The issue price set out above is the closing price of the Shares on the ASX on 14 October 2015.
3. The Company issues the maximum possible number of Equity Securities under the 10% Placement Capacity.
4. The Company has not issued any Equity Securities in the 12 months prior to the Meeting that were not issued under an exception in ASX Listing Rule 7.2 or with approval under ASX Listing Rule 7.1.
5. The issue of Equity Securities under the 10% Placement Capacity consists only of Shares. It is assumed that no Options are exercised into Shares before the date of issue of the Equity Securities.
6. The calculations above do not show the dilution that any one particular Shareholder will be subject to. All Shareholders should consider the dilution caused to their own shareholding depending on their specific circumstances.
7. This table does not set out any dilution pursuant to approvals under ASX Listing Rule 7.1.
8. The table does not show an example of dilution that may be caused to a particular Shareholder by reason of placements under the 10% Placement Capacity, based on that Shareholder's holding at the date of the Meeting.
9. The 10% voting dilution reflects the aggregate percentage dilution against the issued share capital at the time of issue. This is why the voting dilution is shown in each example as 10%.
Shareholders should note that there is a risk that:
(i) the market price for the Company's Shares may be significantly lower on the issue date than on the date of the Meeting; and
(ii) the Shares may be issued at a price that is at a discount to the market price for those Shares on the date of issue.
(b) Purpose of Issue under 10% Placement Capacity
The Company may seek to issue the Equity Securities under the 10% Placement Capacity for the following purposes:
(i) non-cash consideration for the acquisition of new resources, assets and investments including previously announced acquisitions . In such circumstances the Company will provide a valuation of the non-cash consideration as required by Listing Rule 7.1A.3; or
(i) cash consideration. In such circumstances, the Company intends to use the funds raised for an acquisition of new assets or investments (including expense associated with such acquisition), continued exploration and feasibility study expenditure on the Company's current assets and/or general working capital.
The Company will comply with the disclosure obligations under the Listing Rules 7.1A(4) and 3.10.5A upon issue of any Equity Securities pursuant to the 10% Placement Capacity.
(c) Allocation policy under the 10% Placement Capacity
The Company's allocation policy is dependent on the prevailing market conditions at the time of any proposed issue pursuant to the 10% Placement Capacity.
The identity of the recipients of Equity Securities will be determined on a case-by-case basis having regard to the factors including but not limited to the following:
(i) the purpose of the issue;
(ii) alternative methods of raising funds that are available to the Company, including but not limited to, rights issue or other issue in which existing security holders can participate;
(iii) the effect of the issue of the Equity Securities on the control of the Company;
(iv) the circumstances of the Company including, but not limited to, the financial situation and solvency of the Company;
(v) prevailing market conditions; and
(vi) advice from corporate, financial and broking advisers (if applicable).
The recipients of Equity Securities under the 10% Placement Capacity have not been determined as at the date of this Notice but may include existing substantial Shareholders and/or new Shareholders who are not related parties or associates of a related party of the Company.
Further, if the Company is successful in acquiring new resources assets or investments, it is likely that the recipients under the 10% Placement Capacity will be vendors of the new resources assets or investments.
(d) Previous approval under ASX Listing Rule 7.1A
The Company previously obtained approval from its Shareholders pursuant to ASX Listing Rule 7.1A at its annual general meeting held on 25 November 2014 (Previous Approval).
The Company has issued 19,156,500 Equity Securities pursuant to the Previous Approval.
During the 12 month period preceding the date of the Meeting, being on and from 27 November 2014, the Company otherwise issued a total of 230,381,666 Shares which represents approximately 78.82% of the total diluted number of Equity Securities on issue in the Company at 27 November 2014 which was 292,290,000.
Further details of the issues of Equity Securities by the Company during the 12 month period preceding the date of the Meeting are set out in Schedule 1.
(e) Voting Exclusion
A voting exclusion statement is included in the Notice. At the date of the Notice, the Company has not approached any particular existing Shareholder or security holder or an identifiable class of existing security holder to participate in the issue of the Equity Securities. No existing Shareholder's votes will therefore be excluded under the voting exclusion in the Notice.
6. ENQUIRIES
Shareholders are required to contact the Company Secretary on +61 8 9200 1847 if they have any queries in respect of the matters set out in these documents.
GLOSSARY
$ means Australian dollars.
10% Placement Capacity has the meaning given in Section 5.1.
10% Placement Period has the meaning given in Section 5.4.
Annual General Meeting or Meeting means the meeting convened by the Notice.
ASIC means the Australian Securities and Investments Commission.
ASX means ASX Limited.
ASX Listing Rules or Listing Rules means the Listing Rules of ASX.
Board means the board of directors of the Company.
Business Day means Monday to Friday inclusive, except New Year's Day, Good Friday, Easter Monday, Christmas Day, Boxing Day, and any other day that ASX declares is not a business day.
Closely Related Party of a member of the Key Management Personnel means:
(a) a spouse or child of the member;
(b) a child of the member's spouse;
(c) a dependent of the member or the member's spouse;
(d) anyone else who is one of the member's family and may be expected to influence the member, or be influenced by the member, in the member's dealing with the entity;
(e) a company the member controls; or
(f) a person prescribed by the Corporations Regulations 2001 (Cth).
Company means Harvest Minerals Limited (ACN 143 303 388).
Constitution means the Company's constitution.
Corporations Act means the Corporations Act 2001 (Cth).
Directors mean the current directors of the Company.
Equity Securities has the same meaning as in the ASX Listing Rules.
Explanatory Statement means the explanatory statement to the Notice.
Key Management Personnel has the same meaning as in the accounting standards and broadly includes those persons having authority and responsibility for planning, directing and controlling the activities of the Company, directly or indirectly, including any director (whether executive or otherwise) of the Company.
Notice of Meeting or Notice of Annual General Meeting means this notice of annual general meeting including the Explanatory Statement.
Option means an option which entitles the holder to subscribe for one Share.
Proxy Form means the proxy form accompanying the Notice.
Remuneration Report means the remuneration report set out in the Directors' report section of the Company's annual financial report for the year ended 30 June 2015.
Resolutions means the resolutions set out in the Notice of Meeting, or any one of them, as the context requires.
Share means a share in the Company.
Shareholder means a shareholder in the Company.
VWAP means volume weight average price.
WST means Western Standard Time as observed in Perth, Western Australia.
Schedule 1 - issues of equity securities since 27 NOVEMBER 2014
|
Date |
Quantity |
Class |
Recipients |
Issue price and discount to Market Price (if applicable)1 |
Form of consideration |
|
Issue - 27 May 2015 Appendix 3B - 27 May 2015 |
60,000,000 |
Shares2 |
Sophisticated Investors |
$0.01 (10% premium) |
Cash. Funds raised to further exploration programmes at the Company's Brazilian Projects and AIM listing.Amount raised: $600,000 |
|
Issue - 29 June 2015 Appendix 3B - 29 June 2015 |
25,153,423 |
Shares2 |
Subscribers pursuant to a rights issue prospectus dated 29 May (Prospectus). |
$0.01 (discount of 30%) |
Cash. Funds raised for purpose as outlined in the Prospectus.Amount raised: $251,534 |
|
Issue - 13 July 2015 Appendix 3B - 13 July 2015 |
40,000,000 |
Shares2 |
America Investments & Participation Limited |
No issue price (non-cash consideration) |
Non-cashPart Consideration: for the acquisition of the Capela Potash Project. Current value3 = $640,000 (being $0.016 per Share) |
|
Issue - 13 July 2015 Appendix 3B - 13 July 2015 |
30,228,243 |
Shares2 |
Subscribers applying for shortfall pursuant to the Prospectus. |
$0.01 (discount of 20%) |
Cash. Funds raised for purpose as outlined in the Prospectus.Amount raised: $302,282 |
|
Issue - 13 July 2015 Appendix 3B - 13 July 2015 |
15,000,000 |
Shares2 |
Sophisticated Investors issued as a placement to oversubscribes of the shortfall under the Prospectus. |
$0.01(discount of 20%) |
Cash. Funds raised towards working capital and general expenses of the Company.Amount raised: $150,000 |
|
Issue - 9 October 2015 Appendix 3B - 9 October 2015 |
60,000,000 |
Shares2 |
America Investments & Participation Limited KMINE Holding Limited |
No issue price (non-cash consideration) |
Non-cashPart Consideration: for the acquisition of the Sergi Potash Project.Current value3 = $960,000 (being $0.016 per Share) |
Notes:
1. Market Price means the closing price on ASX (excluding special crossings, overnight sales and exchange traded option exercises). For the purposes of this table the discount is calculated on the Market Price on the last trading day on which a sale was recorded prior to the date of issue of the relevant Equity Securities.
2. Fully paid ordinary shares in the capital of the Company, ASX Code: HMI (terms are set out in the Constitution).
3. In respect of quoted Equity Securities the value is based on the closing price of the Shares on the ASX on the 14 October 2015 being $0.016.
1.
HARVEST MINERALS Limited ACN 143 303 388
annual GENERAL MEETING - APPOINTMENT OF PROXY
I/We
of
being a Shareholder of Harvest Minerals Limited, entitled to attend and vote at the Annual General Meeting, hereby
Appoint
Name of proxy
OR the Chair as my proxy
or failing the person so named or, if no person is named, the Chair, or the Chair's nominee, to vote in accordance with the following directions, or, if no directions have been given, and subject to the relevant laws as the proxy sees fit, at the Annual General Meeting to be held at 10:30 am (WST), on 27 November 2015 at Level 1, 330 Churchill Avenue, Subiaco, Western Australia, and at any adjournment thereof.
AUTHORITY FOR CHAIR TO VOTE UNDIRECTED PROXIES ON REMUNERATION RELATED RESOLUTIONS
Where I/we have appointed the Chair as my/our proxy (or where the Chair becomes my/our proxy by default), I/we expressly authorise the Chair to exercise my/our proxy on Resolution 1 (except where I/we have indicated a different voting intention below) even though Resolution 1 is connected directly or indirectly with the remuneration of a member of the Key Management Personnel, which includes the Chair.
CHAIR'S VOTING INTENTION IN RELATION TO UNDIRECTED PROXIES
The Chair intends to vote undirected proxies in favour of all Resolutions in which the Chair is entitled to vote. In exceptional circumstances the Chair may change his/her voting intention on any Resolution. In the event this occurs an ASX announcement will be made immediately disclosing the reasons for the change.
Voting on Business of the Annual General Meeting FOR AGAINST ABSTAIN
Resolution 1 Adoption of Remuneration Report
Resolution 2 Re-Election of a Director - Mr Brian McMaster
Resolution 3 Re-Election of a Director - Mr Frank Moxon
Resolution 4 Approval of 10% Placement Capacity
Please note: If you mark the abstain box for a particular Resolution, you are directing your proxy not to vote on that Resolution on a show of hands or on a poll and your votes will not to be counted in computing the required majority on a poll.
If two proxies are being appointed, the proportion of voting rights this proxy represents is %
Signature of Shareholder(s): Date: ______________________
|
Individual or Shareholder 1 |
|
Shareholder 2 |
|
Shareholder 3 |
|
|
|
|
|
|
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Sole Director/Company Secretary |
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Director |
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Director/Company Secretary |
Contact Name: ______________________________________ Contact Ph (daytime): ______________________________
HARVEST MINERALS LIMITED
Acn 143 303 388
Instructions for Completing 'Appointment of Proxy' Form
1. (Appointing a Proxy): A member entitled to attend and vote at an Annual General Meeting is entitled to appoint not more than two proxies to attend and vote on a poll on their behalf. The appointment of a second proxy must be done on a separate copy of the Proxy Form. Where more than one proxy is appointed, such proxy must be allocated a proportion of the member's voting rights. If a member appoints two proxies and the appointment does not specify this proportion, each proxy may exercise half the votes. A duly appointed proxy need not be a member of the Company.
2. (Direction to Vote): A member may direct a proxy how to vote by marking one of the boxes opposite each item of business. Where a box is not marked the proxy may vote as they choose. Where more than one box is marked on an item the vote will be invalid on that item.
3. (Signing Instructions):
· (Individual): Where the holding is in one name, the member must sign.
· (Joint Holding): Where the holding is in more than one name, all of the members should sign.
· (Power of Attorney): If you have not already provided the Power of Attorney with the registry, please attach a certified photocopy of the Power of Attorney to this form when you return it.
· (Companies): Where the company has a sole director who is also the sole company secretary, that person must sign. Where the company (pursuant to Section 204A of the Corporations Act) does not have a company secretary, a sole director can also sign alone. Otherwise, a director jointly with either another director or a company secretary must sign. Please sign in the appropriate place to indicate the office held.
4. (Attending the Meeting): Completion of a Proxy Form will not prevent individual members from attending the Annual General Meeting in person if they wish. Where a member completes and lodges a valid Proxy Form and attends the Annual General Meeting in person, then the proxy's authority to speak and vote for that member is suspended while the member is present at the Annual General Meeting.
5. (Return of Proxy Form): To vote by proxy, please complete and sign the enclosed Proxy Form and return by:
(a) deliver the proxy form by hand to the Company's registered office at Level 1, 330 Churchill Avenue, Subiaco, Western Australia;
(b) mail the proxy form to the Company's registered office at PO Box 540 Subiaco, Western Australia, 6904; or
(c) send the proxy from by facsimile to the Company on facsimile number +61 8 9200 4469,
so that it is received not later than 10:30 am (WST) on 25 November 2015.
Proxy forms received later than this time will be invalid.
This information is provided by RNS
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