30 May 2018 07:00
30 May 2018
Crusader Resources Limited
("Company" or "Crusader")
Result of Annual General Meeting
Crusader Resources Limited (ASX: CAS, AIM: CAS), announces that at the Annual General Meeting of shareholders held today, resolutions 1 to 12 were passed unanimously, by a show of hands, as ordinary resolutions.
In accordance with section 251AA of the Corporations Act, details of the valid proxy votes received are as follows:
Resolution | For | At proxy holders discretion | Against | Abstain/Excluded |
1. Remuneration Report | 220,897,616 | 575,000 | 6,577,743 | - |
2. Re-election of Director - Paul Stephen | 129,585,777 | 575,000 | 97,889,582 | - |
3. Election of Director - Andrew Vickerman | 224,401,045 | 575,000 | 3,074,314 | - |
4. Approval of issue of Placement Securities to Stephen Copulos | 155,874,836 | 575,000 | 3,098,365 | 68,502,158 |
5. Approval of issue of Placement Securities to Marcus Engelbrecht | 219,445,286 | 575,000 | 6,490,073 | 1,540,000 |
6. Approval of issue of Placement Securities to Andrew Vickerman | 224,376,994 | 575,000 | 3,098,365 | - |
7. Approval of issue of attaching Warrants to AIM Placement participants | 224,401,045 | 575,000 | 3,074,314 | - |
8. Ratification of issue of Shares to AIM Placement Advisers | 224,401,045 | 575,000 | 3,074,314 | - |
9. Approval of issue of attaching Warrants to AIM Placement Advisers | 224,401,045 | 575,000 | 3,074,314 | - |
10. Approval of issue of Warrants to Nominated Adviser | 224,289,324 | 575,000 | 3,074,314 | 111,721 |
11. Approval of issue of Performance Rights to Marcus Engelbrecht | 219,357,616 | 575,000 | 6,577,743 | 1,540,000 |
12. Approval of issue of Loan Conversion Securities to Stephen Copulos | 155,874,836 | 575,000 | 3,098,365 | 68,502,158 |
Issue of Director Conversion Shares and Eyeon Shares
Following the passing of Resolutions 4, 5, 6 and 12, application has been made for a total of 7,572,481 Director Conversion Shares and 31,543,526 Eyeon Shares (as defined in the Company's admission document dated 12 April 2018 ("Admission Document")) to be admitted to trading on AIM. It is expected that admission will become effective and dealings in the Director Conversion Shares and Eyeon Shares on AIM will commence at 8.00 a.m. on 31 May 2018 ("Admission"). The Company will also make application for the Director Conversion Shares and Eyeon Shares to be admitted to official quotation on ASX.
Following Admission, the Company's issued share capital will be 502,150,521 Ordinary Shares of no par value.
Issue of Performance Rights, Warrants and Placee Warrants
Following the passing of Resolutions 7 to 11, the Company has issued 531,663 Warrants to Smith & Williamson Investment Services Limited and 74,845,481 Placee Warrants (as defined in the Admission Document). The Placee Warrants and the Warrants are to be issued in registered and certificated form and no application is or will be made for the Warrants or the Placee Warrants to be listed or admitted to trading on AIM, ASX or any other securities exchange.
Director's Interests
The interests of the Directors following Admission, and the issue of the Performance Rights and Placee Warrants are as follows:
Director | Number of Ordinary Shares prior to Admission | Number of Director Conversion Shares | Number of Ordinary Shares on Admission | Percentage of issued share capital on Admission | Number of Performance Rights held* | Number of Placee Warrants held |
Andrew Vickerman | - | 1,665,709 | 1,665,709 | 0.33 | - | 832,854 |
Marcus Engelbrecht | 1,540,000 | 1,181,354 | 2,721,354 | 0.54 | 17,622,977 | 590,677 |
Paul Stephen | 5,078,066 | - | 5,078,066 | 1.01 | - | - |
John Evans | - | - | - | - | - | - |
* subject to vesting upon the satisfaction of certain operational milestones as detailed in the Admission Document
The notifications below, made in accordance with the requirements of the Market Abuse Regulation, provide further detail.
For further information, please contact:
Mr. Paul Stephen | Investor Relations |
Executive Director | Office (Aus): +61 8 9320 7500 |
Office (Aus): +61 8 9320 7500 | Email: admin@crusaderresources.com |
Email: paul@crusaderresources.com | |
Smith & Williamson Corporate Finance Limited | Camarco |
Nominated Adviser | Financial PR |
Azhic Basirov/Katy Birkin/Ben Jeynes | Gordon Poole / Nick Hennis |
+44(0)207 131 4000 | +44(0)20 3757 4997 / +44(0)20 3781 8330 |
Hannam & Partners Joint Broker | |
Neil Passmore / Andrew Chubb/Ernie Bell | |
+44 (0)20 7907 8500 |
About Crusader
Crusader Resources Limited (ASX:CAS, AIM: CAS) is a minerals exploration and development company listed on the Australian Securities Exchange and the AIM market of the London Stock Exchange. Its major focus is Brazil; a country Crusader believes is vastly underexplored and which offers high potential for the discovery of world class mineral deposits.
Crusader has two key Gold Assets:
Borborema Gold Project
The Borborema Gold Project is in the Seridó area of the Borborema province in north-eastern Brazil. It is 100% owned by Crusader and consists of three mining leases covering a total area of 29 km2 including freehold title over the main prospect area.
The Borborema Gold Project benefits from a favourable taxation regime, existing on-site facilities and excellent infrastructure such as buildings, grid power, water, sealed roads and is close to major cities and regional centres. The project's Ore Reserve includes Proven and Probable Ore Reserves of 1.61Moz of mineable gold from 42.4Mt @ 1.18g/t (0.4 & 0.5g/t cut-offs for oxide & fresh). The measured, indicated and inferred Mineral Resource Estimate of 2.43Moz @ 1.10g/t gold, remains open in all directions.
Juruena Gold Project
The Juruena Gold Project is located in the highly prospective Juruena-Alta Floresta Gold Belt, which stretches east-west for >400km and has historically produced more than 7Moz of gold from 40 known gold deposits.
The Juruena Project has been worked extensively by artisanal miners (garimpeiros) since the 1980s, producing ~500koz in that time. Historically there is a database of more than 30,000 meters of drilling and extensive geological data.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||
a) | Name | Andrew Vickerman
| |
2 | Reason for the notification
| ||
a) | Position/status | PDMR (Non-executive Chairman)
| |
b) | Initial notification/Amendment | Initial Notification
| |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
a) | Name | Crusader Resources Limited
| |
b) | LEI | 213800NCMUVXFYSKHH40
| |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of no par value
| |
Identification code | AU000000CAS1
| ||
b) | Nature of the transaction | Issue of Ordinary Shares pursuant to Director Convertible Loan Agreement
| |
c) | Price(s) and volumes(s) | Price(s) | Volume(s)
|
£0.00 | 1,665,709
| ||
d) | Aggregated information | N/A (single transaction)
| |
Aggregated volume |
| ||
Price |
| ||
e) | Date of the transaction | 30 May 2018
| |
f) | Place of the transaction | Outside of a trading venue
| |
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||
a) | Name | Andrew Vickerman
| |
2 | Reason for the notification
| ||
a) | Position/status | PDMR (Non-executive Chairman)
| |
b) | Initial notification/Amendment | Initial Notification
| |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
a) | Name | Crusader Resources Limited
| |
b) | LEI | 213800NCMUVXFYSKHH40
| |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of no par value
| |
Identification code | AU000000CAS1
| ||
b) | Nature of the transaction | Issue of warrants to subscribe for Ordinary Shares of no par value
| |
c) | Price(s) and volumes(s) | Price(s) | Volume(s)
|
£0.00 | 832,854
| ||
d) | Aggregated information | N/A (single transaction)
| |
Aggregated volume |
| ||
Price |
| ||
e) | Date of the transaction | 30 May 2018
| |
f) | Place of the transaction | Outside of a trading venue
| |
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||
a) | Name | Marcus Engelbrecht
| |
2 | Reason for the notification
| ||
a) | Position/status | PDMR (Managing Director)
| |
b) | Initial notification/Amendment | Initial Notification
| |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
a) | Name | Crusader Resources Limited
| |
b) | LEI | 213800NCMUVXFYSKHH40
| |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of no par value
| |
Identification code | AU000000CAS1
| ||
b) | Nature of the transaction | Issue of Ordinary Shares pursuant to Director Convertible Loan Agreement
| |
c) | Price(s) and volumes(s) | Price(s) | Volume(s)
|
£0.00 | 1,181,354
| ||
d) | Aggregated information | N/A (single transaction)
| |
Aggregated volume |
| ||
Price |
| ||
e) | Date of the transaction | 30 May 2018
| |
f) | Place of the transaction | Outside of a trading venue
| |
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||
a) | Name | Marcus Engelbrecht
| |
2 | Reason for the notification
| ||
a) | Position/status | PDMR (Managing Director)
| |
b) | Initial notification/Amendment | Initial Notification
| |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
a) | Name | Crusader Resources Limited
| |
b) | LEI | 213800NCMUVXFYSKHH40
| |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of no par value
| |
Identification code | AU000000CAS1
| ||
b) | Nature of the transaction | Issue of Performance Rights to subscribe for Ordinary Shares of no par value
| |
c) | Price(s) and volumes(s) | Price(s) | Volume(s)
|
£0.00 | 17,622,977
| ||
d) | Aggregated information | N/A (single transaction)
| |
Aggregated volume |
| ||
Price |
| ||
e) | Date of the transaction | 30 May 2018
| |
f) | Place of the transaction | Outside of a trading venue
| |
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||
a) | Name | Marcus Engelbrecht
| |
2 | Reason for the notification
| ||
a) | Position/status | PDMR (Managing Director)
| |
b) | Initial notification/Amendment | Initial Notification
| |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
a) | Name | Crusader Resources Limited
| |
b) | LEI | 213800NCMUVXFYSKHH40
| |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of no par value
| |
Identification code | AU000000CAS1
| ||
b) | Nature of the transaction | Issue of warrants to subscribe for Ordinary Shares of no par value
| |
c) | Price(s) and volumes(s) | Price(s) | Volume(s)
|
£0.00 | 590,677
| ||
d) | Aggregated information | N/A (single transaction)
| |
Aggregated volume |
| ||
Price |
| ||
e) | Date of the transaction | 30 May 2018
| |
f) | Place of the transaction | Outside of a trading venue
| |