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PROGRESS REPORT - NEW EXPLORATION PLAY IN MONTANA
27 November 2015 ASX Limited
Level 6, Exchange Centre
20 Bridge Street
Sydney NSW 2000
Elk Petroleum Limited ('ELK')
Results of Annual General Meeting ('AGM') of Members - 27 November 2015
We advise that:
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A summary of valid and eligible proxies received for the above meeting was as follows:
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Resolution No and Type
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Resolution
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Proxy Results
|
|
For
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Against
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Abstain
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Proxy's Discretion
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Invalid/ Excluded/ Open unusable
|
Total
|
|
1
|
Ordinary
|
Resolution 1 Re-election of director - Mr Russell Krause
|
34,601,420
|
41,550
|
537,100
|
441,100
|
0
|
35,621,170
|
|
2
|
Ordinary
|
Resolution 2
Re-election of Director - Mr Tim Hargreaves
|
34,592,091
|
50,879
|
537,100
|
441,100
|
0
|
35,621,170
|
|
3
|
Ordinary
|
Resolution 3 Re-election of Director - Mr Bradley Lingo
|
32,902,735
|
519,827
|
1,757,508
|
441,100
|
0
|
35,621,170
|
|
4
|
Ordinary
|
Resolution 4
Re-election of Director - Dr Neale Taylor
|
34,476,770
|
156,200
|
537,100
|
451,100
|
0
|
35,621,170
|
|
5
|
Ordinary Non- Binding
|
Resolution 5 Adoption of the Remuneration Report
|
31,838,267
|
2,163,295
|
6,600
|
392,600
|
1,220,408
|
35,621,170
|
|
6
|
Ordinary
|
Resolution 6
Board Spill Meeting
|
3,649,849
|
28,424,013
|
1,934,300
|
392,600
|
1,220,408
|
35,621,170
|
|
7
|
Ordinary
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Resolution 7 Ratification of Prior Issue of Shares to Republic Investment Management Pte Ltd ('Republic')
|
33,998,822
|
649,548
|
530,500
|
442,300
|
0
|
35,621,170
|
|
8
|
Ordinary
|
Resolution 8 Approval of Share Placement to Mr Bradley Lingo, Managing Director
|
32,774,414
|
1,224,748
|
9,000
|
392,600
|
1,220,408
|
35,621,170
|
|
9
|
Ordinary
|
Resolution 9 Approval of the Grant of Shares and Retention Rights to Mr Bradley Lingo, Managing Director
|
32,737,414
|
1,261,748
|
9,000
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392,600
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1,220,408
|
35,621,170
|
|
10
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Ordinary
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Resolution 10 Mr Bradley Lingo Termination Benefits
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32,738,190
|
1,260,972
|
9,000
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392,600
|
1,220,408
|
35,621,170
|
|
11
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Ordinary
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Resolution 11 Approval of the Allotment of Shares Upon Conversion of Convertible Loan to Republic Investment Management Pte Ltd ('Republic')
|
34,000,022
|
1,171,048
|
9,000
|
441,100
|
0
|
35,621,170
|
|
12
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Ordinary
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Resolution 12 Approval of the Allotment Shares Upon Conversion of Convertible Loan to Mr Timothy Hargreaves and Ms Tasneem Hargreaves ('Hargreaves')
|
34,104,567
|
1,075,503
|
0
|
441,100
|
0
|
35,621,170
|
|
13
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Ordinary
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Resolution 13 Approval of the Allotment of Shares Upon Conversion of Convertible Loan to Milto Pty Limited ('Milto')
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15,138,273
|
1,076,703
|
2,000
|
441,100
|
18,963,094
|
35,621,170
|
|
14
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Ordinary
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Resolution 14 Approval of the Allotment of Shares Upon Conversion of Convertible Loan to Mr Ho Duan Meng
|
34,103,367
|
1,076,703
|
0
|
441,100
|
0
|
35,621,170
|
|
15
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Ordinary
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Resolution 15 Approval of the Allotment of Shares Upon Conversion of Convertible Loan to Ms Amy Lee Yuen Ying
|
34,103,367
|
1,076,703
|
0
|
441,100
|
0
|
35,621,170
|
|
16
|
Ordinary
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Resolution 16 Approval of the Allotment of Shares Upon Conversion of Convertible Loan to Mr Ho Duan Juat
|
34,103,367
|
1,076,703
|
0
|
441,100
|
0
|
35,621,170
|
|
17
|
Ordinary
|
Resolution 17 Approval of Share Placement to Begley Superannuation Co. Pty Ltd
|
15,147,273
|
1,116,203
|
2,000
|
392,600
|
18,963,094
|
35,621,170
|
|
18
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Ordinary
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Resolution 18 Approval of Share Placement to Mr Robert Healy
|
33,990,822
|
1,237,748
|
0
|
392,600
|
0
|
35,621,170
|
|
19
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Ordinary
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Resolution 19 Grant of Performance Rights and Retention Rights to Mr Russell Krause, Non- Executive Director
|
34,433,770
|
794,800
|
0
|
392,600
|
0
|
35,621,170
|
|
20
|
Ordinary
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Resolution 20 Grant of Performance Rights and Retention Rights to Mr Tim Hargreaves, Non- Executive Director
|
34,433,770
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794,800
|
0
|
392,600
|
0
|
35,621,170
|
|
21
|
Special
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Resolution 21
Approval of 10% Placement Capacity
|
34,534,515
|
115,055
|
530,500
|
441,100
|
0
|
35,621,170
|
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The following resolutions were passed without resort to a poll at the AGM of ELK on 27 November 2015.
Resolution 1: Re-election of director - Mr Russell Krause
The motion was carried unanimously as an ordinary resolution on a show of hands.
Resolution 2: Re-election of Director - Mr Tim Hargreaves
The motion was carried unanimously as an ordinary resolution on a show of hands.
Resolution 3: Re-election of Director - Mr Bradley Lingo
The motion was carried unanimously as an ordinary resolution on a show of hands.
Resolution 4: Re-election of Director - Dr Neale Taylor
The motion was carried unanimously as an ordinary resolution on a show of hands.
Resolution 7: Ratification of Prior Issue of Shares to Republic Investment Management Pte Ltd ('Republic')
The motion was carried unanimously as an ordinary resolution on a show of hands.
Resolution 8: Approval of Share Placement to Mr Bradley Lingo, Managing Director
The motion was carried unanimously as an ordinary resolution on a show of hands.
Resolution 9: Approval of the Grant of Shares and Retention Rights to Mr Bradley Lingo, Managing Director
The motion was carried unanimously as an ordinary resolution on a show of hands.
Resolution 10: Mr Bradley Lingo Termination Benefits
The motion was carried unanimously as an ordinary resolution on a show of hands.
Resolution 11: Approval of the Allotment of Shares Upon Conversion of Convertible Loan to Republic Investment Management Pte Ltd ('Republic')
The motion was carried unanimously as an ordinary resolution on a show of hands.
Resolution 12: Approval of the Allotment Shares Upon Conversion of Convertible Loan to Mr Timothy Hargreaves and Ms Tasneem Hargreaves ('Hargreaves')
The motion was carried unanimously as an ordinary resolution on a show of hands.
Resolution 13: Approval of the Allotment of Shares Upon Conversion of Convertible Loan to Milto Pty Limited ('Milto')
The motion was carried unanimously as an ordinary resolution on a show of hands.
Resolution 14: Approval of the Allotment of Shares Upon Conversion of Convertible Loan to Mr Ho Duan Meng
The motion was carried unanimously as an ordinary resolution on a show of hands.
Resolution 15: Approval of the Allotment of Shares Upon Conversion of Convertible Loan to Ms Amy Lee Yuen Ying
The motion was carried unanimously as an ordinary resolution on a show of hands.
Resolution 16: Approval of the Allotment of Shares Upon Conversion of Convertible Loan to Mr Ho Duan Juat
The motion was carried unanimously as an ordinary resolution on a show of hands.
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