29 Jan 2019 07:00
For immediate release
29 January 2019
Crusader Resources Limited
("Company" or "Crusader")
Notice under section 249D of the Corporations Act
Crusader Resources Limited (ASX:CAS; AIM:CAS) (the Company) announces that on 24 January 2019, the Company received a notice under section 249D of the Australian Corporations Act 2001 (Cth) (Section 249D Notice) requesting the directors to convene a meeting of the members of the Company (Meeting).
The Section 249D Notice specifies the following as members requesting the Meeting:
1. Mr William Richard Brown;
2. Vitor Pty Ltd;
3. Chinetti Investments Pty Ltd; and
4. Parkwise Corporation Pty Ltd,
(together, Requisitioning Shareholders).
The Section 249D Notice states that the Requisitioning Shareholders hold in aggregate at least 5% of the votes that may be cast at a general meeting.
The Section 249D Notice requests that the Meeting considers the following resolutions:
1. Election of Director - Mr. Brett Clark
2. Election of Director - Mr. David Sanders
3. Election of Director - Mr. Carl Luttig
4. Removal of Director - Mr. Marcus Engelbrecht
5. Removal of Director - Mr. Andrew Vickerman
Under section 249D, the Directors must call and arrange to hold a general meeting on the request of members with at least 5% of the votes that may be cast at the general meeting. Directors must call the meeting within 21 days after the request is given to the Company and the meeting is to be held not later than 2 months after the notice of request has been received.
The Company will consider the validity of the Section 249D Notice and if valid undertake the necessary steps to convene a general meeting in compliance with these requirements.
Special note concerning the Market Abuse Regulation
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR"). The person who arranged for the release of this announcement on behalf of the Company was Marcus Engelbrecht, Managing Director.
Website
A copy of this announcement is available from the Company's website at www.crusaderresources.com
Enquiries:
Crusader Resources Limited |
|
Mr. Andrew Beigel CFO / Company Secretary
| Office (Australia): +61 8 9320 7500 Email: andrew@crusaderresources.com |
Beaumont Cornish (Nomad) Roland Cornish / Michael Cornish
| Tel: +44 (0) 20 7628 3396 Email: corpfin@b-cornish.co.uk |
Camarco (Financial PR) Gordon Poole / Nick Hennis / Monique Perks
| Tel +44(0)20 3757 4997 / +44(0)20 3781 8330
|
H&P Advisory (Joint Broker) Neil Passmore / Andrew Chubb / Ernie Bell
| Tel: +44 (0) 20 7907 8500 |
Pinnacle Corporate Finance (Corporate Adviser) Andrew Frazer | Tel: +61 8 6141 6306 |
CAUTION REGARDING FORWARD LOOKING STATEMENTS
Information included in this release constitutes forward-looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as "may", "will", "expect", "intend", "plan", "estimate", "anticipate", "continue", and "guidance", or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs.
Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the company's actual results, performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licences and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which the company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation.
Forward looking statements are based on the company and its management's good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the company's business and operations in the future. The company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the company's business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the company or management or beyond the company's control.
Although the company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the company. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the company does not undertake any obligation to publicly update or revise any of the forward looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.
ENDS