From TYM RNS today ...... Seems familiar - they are shafted too28 Jan 2025 08:28
Will this paragraph yet again be rolled put for our AGM announcement !!
Our next Annual General Meeting will be held in London on Thursday 6 March 2025 where Dr. Mike Armitage will be retiring and standing for re-election.
At this AGM we will be seeking approval for two resolutions to allow for the issue of new shares and the disapplication of pre-emption rights respectively as we usually do. Without the first of these resolutions being passed the Company cannot issue new shares while the passing of the second resolution allows the Company to issue shares for cash other than by, for example, rights issues. Rights issues are prohibitively expensive for small companies and these resolutions will enable the directors to issue new shares to raise funds as and when necessary, up to the limit specified.
I urge all shareholders to support and approve these resolutions as, until such time as the Company is self-funding, the Company needs to be able to issue new shares to raise funds to continue with its exploration programmes, the success of which will generate shareholder returns, and to continue as a going concern.