26 Jul 2013 14:01
26 July 2013
Bellzone Mining plc
("Bellzone" or the "Company")
Result of the AGM
Bellzone Mining plc (AIM: BZM) today, 26 July 2013, held its Annual General Meeting ("AGM"). All of the ordinary resolutions were passed.
While there was considerable support for Resolution 6, relating to the disapplication of pre-emption rights of up to 15% of the share capital and, Resolution 7, relating to the authority for a share purchase of up to 10% of the Company's own stock, these special resolutions were not passed.
The number of ordinary shares in issue at the date of the meeting was 741,324,485 (including 11,005,130 shares held in treasury).
The results of the votes cast are as follows:
For | % For | Against | Withheld | Total | ||
1 | Financial Statements of the Company for the year ended 31 December 2012 | 431,493,258 | 99.98 | 105,782 | 0 | 431,599,040 |
2 | Re-appointment of auditors | 431,059,304 | 99.87 | 539,736 | 0 | 431,599,040 |
3 | Re-appointment of director | 431,026,027 | 99.87 | 539,736 | 33,277 | 431,599,040 |
4 | Re-appointment of director | 431,456,027 | 99.97 | 109,736 | 33,277 | 431,599,040 |
5 | Allotment of relevant securities | 248,476,639 | 57.59 | 182,989,124 | 133,277 | 431,599,040 |
6 | Disapplication of pre-emption rights pursuant to article 2.10 of the articles | 247,571,038 | 56.01 | 183,971,228 | 36,277 | 431,578,543 |
7 | Authority to purchase ordinary shares | 248,556,142 | 56.24 | 182,989,124 | 33,277 | 431,578,543 |
Glenn Baldwin, CEO of Bellzone commented "The special resolutions 6 and 7 were identical to those approved last year by shareholders. They are standard form and in line with our peer group.
I look forward to publishing the Kalia Optimisation Study during Q3."
Enquiries:
Bellzone Mining plc
Peta Baldwin, Corporate Affairs +44 (0) 1534 513 500
Canaccord Genuity Limited
Nominated Adviser and Broker to Bellzone +44 (0)20 7523 8000
Andrew Chubb/Tarica Mpinga
Investec
Chris Sim +44 207 597 5970
Tavistock (UK)
Jos Simson/Mike Bartlett +44 (0)20 7920 3150 / +44 (0)7899 870 450
About Bellzone Mining Plc
Bellzone Mining plc is an exploration and resource development company with iron ore and nickel/copper permits in the Republic of Guinea, West Africa. Kalia Mine Project is the Company's flagship project with a globally significant magnetite resource of 4.63 billion tonnes and some 822 million tonnes of oxide and supergene banded iron formation.
Bellzone and China International Fund each hold a 50% investment interest in the joint venture operations at the Forécariah iron ore mine which commenced production in May 2012.