REG - Goldstone Resources Stratex Int PLC - Result Of AGM & EGM, Subscription And Directorate <Origin Href="QuoteRef">GRL.L</Origin> <Origin Href="QuoteRef">STIL.L</Origin>

Goldstone ResourcesAnnouncement

30/10/2014 12:00

RNS Number : 7035V
Goldstone Resources Ltd
30 October 2014
GOLDSTONE RESOURCES LIMITED
RESULT OF ANNUAL AND EXTRAORDINARY GENERAL MEETINGS, SUBSCRIPTION AND DIRECTORATE CHANGES
GoldStone is pleased to announce that the resolutions proposed at the annual general meeting and the extraordinary general meeting, which were both held today, were duly passed.
At the EGM the resolution to approve the waiver of obligations on Stratex under Rule 9 of the City Code in connection with Stratex's proposed subscription of 1.25 million was approved on a poll of Independent Shareholders.
Following the Share Consolidation and the Subscription, there will be 62,286,363 New Ordinary Share in issue. The New Ordinary Shares are expected to be admitted to trading on AIM at 8.00 a.m. on 31 October 2014. The ISIN of the New Ordinary Shares is JE00BRJ8YF63.
On Admission, Stratex will hold 20,833,333 New Ordinary Shares, representing 33.45% of the voting rights of the Company, together with warrants to subscribe for a further 20,833,333 New Ordinary Shares at 7p per share. If Stratex exercises the Warrants, which will be exerciseable immediately on Admission and for a period of 18 months thereafter, in full and assuming no other issues of New Ordinary Shares, Stratex would hold 41,666,666 New Ordinary Shares, representing 50.1% of the voting rights of the Company.
As set out in the announcement of 14 October 2014, with effect from Admission each of Jonathan Best, Dr. Hendrik Schloemann and Benjamin Hill will resign from the Board and Christopher Hall, Bob Foster and Emma Priestley will be appointed to the Board. Further information on the Proposed Directors is set out in the Appendix to this announcement.
Definitions used in this announcement have the same meaning as in the announcement issued on 14 October 2014.
Enquiries
GoldStone Resources Limited
+27 21 551 9009
Jurie Wessels 



WH Ireland Limited
+44 113 394 6600
Tim Feather

Liam Gribben



Appendix
Further information on the Proposed Directors:
Christopher Raymond John Hall (aged 65)
List of Directorships and Partnerships:
Current
Past 5 years


Rift Resources Limited

Grail Resources PLC
Stratex International PLC
Great Western Mining PLC
Thani Stratex Resources Limited
Ilminster Forum Limited
Mr. Hall was appointed director of "It's The Way Limited" on 18 April 2005 and resigned on 15 February 2006. On 30 June 2006 a liquidator was appointed by It's The Way Limited's creditors for the purposes of a voluntary winding up. It's The Way Limited was dissolved on 9 August 2007.
Robert Peter Foster (aged 65)
List of Directorships and Partnerships:
Current
Past 5 years


Altintepe Madencilik
Bushveld Platinum Limited
Bob Foster & Assoc. Limited

Cabo Delgado Exploration Limited

Equator Gold Limited

Equator Gold Resources Limited

Ground Modelling Technologies Limited

Ground Truth Limited

Muratdere Madencilik

NS Madencilik

Rockover Mozambique Limiteda

Rockover Resources Limited

Rovuma Holdings Ltd

Rovuma Resources Limited

Rovuma Resources Limiteda

Stratex East Africa Limited

Stratex Exploration Limited

Stratex Gold A.G.

Stratex International PLC

Stratex Madencilik

Stratex West Africa Limited

Tembo Gold Corp

Emma Kinder Priestley (aged 41)
List of Directorships and Partnerships:
Current
Past 5 years


Santon Consultancy Services Limited
Aldeamento Turistico de Macuti SARL
Stellar Resources Plc
Blueberry International Services Limited

Celsys Limited 

Complete Enterprise Solutions Limited

Complete Enterprise Solutions (Pty) Limited

Five Forty Africa (BVI) Limited

ForgetMeNot Africa Limited

Gardoserve (Pvt) Limited (trading as Millpal Chemicals)

Hotel Cardoso

Indit Technology Distribution (Pty) Limited

Lonrho Africa (Holdings) Limited

Lonrho Agribusiness (BVI) Limited

Lonrho Air (BVI) Limited

Lonrho Air (2) BVI Limited

Lonrho Air (3) BVI Limited

Lonrho Air Africa (BVI) Limited

Lonrho Aviation (BVI) Limited

Lonrho Food Supply Chain Management Limited

Lonrho Holdings Limited

Lonrho Hotels Management Services BVI Limited

Lonrho Infrastructure (BVI) Limited

Lonrho Investments Limited

Lonrho Management Services Limited

Lonrho Oil (Malawi) Limited

Lonrho PLC/ Lonrho Limited

Lonrho Springs Limited

Lonzim Air (BVI) Limited

LonZim PLC

Luba Freeport Limited

Morningdale Properties (Pvt) Limited

Peak Mine (Pvt) Limited

Rex Mining (Pvt) Limited

Sociadade Commercial Bytes & Pieces Limiteda

Southern Africa Management Services Limited

Swissta Holdings Limited

Swissta Mozambique Lda

Wardlaw (1989) Limited
None of the Proposed Directors has a shareholding in GoldStone.
The Proposed Directors have confirmed that there are no other disclosures required by Schedule 2(g) of the AIM Rules for Companies.

This information is provided by RNS
The company news service from the London Stock Exchange
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