Result of Meeting

RNS Number : 2922Z

Xtract Resources plc

13 March 2017

 

For immediate release

 13 March 2017

Xtract Resources Plc

("Xtract" or the "Company")

Result of General Meeting

The Board of Xtract Resources Plc ("Xtract" or the "Company") is pleased to announce that at the General Meeting held earlier today, both resolutions were passed as follows:

Resolution 1

An ordinary resolution granting authority to the Directors to issue up to 16,963,064,156 Ordinary Shares (representing approximately 85% of the issued share capital of the Company as at the last practicable date prior to the date of this letter). Resolution 1 was duly approved.  Proxies in favour were received to the level of 99.74%.

Resolution 2

A special resolution to disapply the Statutory Pre-Emption Rights in relation to the Placing Shares which (in addition to disapplying Statutory Pre-Emption Rights for pre-emptive issues and for options), will also disapply the Statutory Pre-Emption Rights in respect of the issue of up to 16,963,064,156 Ordinary Shares for cash. Resolution 2 was duly approved.  Proxies in favour were received to the level of 99.65%.

Enquiries:

Xtract Resources Plc	Colin Bird, Executive Chairman	[phone]
Beaumont Cornish (Nominated Adviser)	Michael Cornish / Felicity Geidt	[phone]
	Email: [e-mail]
Beaufort Securities (Broker)	Jon Belliss	[phone]

 ENDS

 

END

 

 

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