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  • Veronica Lind

Taiton Resources Limited Notice of Meeting to be held on 22 October 2021

TAITON RESOURCES LIMITED - NOTICE OF GENERAL MEETING and EXPLANATORY MEMORANDUM


Notice is given that the Meeting will be held at:


TIME: 1.00 pm AEDST

DATE: Friday, 22 October 2021

PLACE: Virtual Meeting


The business of the Meeting affects your shareholding and your vote is important.


This General Meeting will be a virtual meeting, which will be conducted online on Friday, at 1.00 pm (AEDST) on 22 October 2021.


This Notice of Meeting should be read in its entirety. If Shareholders are in doubt as to how they should vote, they should seek advice from their professional advisers prior to voting.


The Directors have determined pursuant to Regulation 7.11.37 of the Corporations Regulations 2001(Cth) that the persons eligible to vote at the Meeting are those who are registered Shareholders at 1.00 pm AEDST on 20 October 2021.


BUSINESS OF THE MEETING AGENDA


1. RESOLUTION 1 – SHARE CONSOLIDATION

To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution:


"That, subject to all other Resolutions in this Notice being passed, pursuant to section 254H of the Corporations Act and for all other purposes, the issued share capital of the Company be consolidated on the terms and conditions in the Explanatory Statement, on the basis that every ten (10) Shares be consolidated into one (1) Share and, where this Share Consolidation results in a fraction of a Share being held, the Company be authorised to round that fraction up to the nearest whole security .”


2. RESOLUTION 2 – SHARE ISSUE FOR THE DEBT CONVERSION

To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution:


"That, subject to all other Resolutions in this Notice being passed, Shareholders approve the conversion of debts to 3,775,000 fully paid ordinary Shares at a deemed issue price of A$0.40 per Share after completion of Resolution 1, on the terms and conditions in the Explanatory Statement.”


3. RESOLUTION 3 – NEW SHARE SUBSCRIPTIONS

To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution:


"That, subject to all other Resolutions in this Notice being passed, Shareholders approve the issue of 13,000,000 fully paid ordinary Shares at an issue price of A$0.001 per Share after completion of Resolution 1, on the terms and conditions in the Explanatory Statement.”


4. RESOLUTION 4 – SHARE ISSUE TO DATUK SIAK WEI LOW

To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution:


"That, subject to all other Resolutions in this Notice being passed, Shareholders approve the issue of 3,622,000 fully paid ordinary Shares to Datuk Siak Wei Low (or his nominees) after completion of Resolution 1, on the terms and conditions in the Explanatory Statement.”


5. RESOLUTION 5 – SHARE ISSUE TO CHEE CHEONG (DAVID) LOW

To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution:


"That, subject to all other Resolutions in this Notice being passed, Shareholders approve the issue of 4,088,000 fully paid ordinary Shares to Chee Cheong (David) Low (or his nominees) after completion of Resolution 1, on the terms and conditions in the Explanatory Statement.”


6. RESOLUTION 6 – SHARE ISSUE TO PETER YEE MING NG

To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution:


"That, subject to all other Resolutions in this Notice being passed, Shareholders approve the issue of 240,000 fully paid ordinary Shares to Peter Yee Ming Ng (or his nominees) after completion of Resolution 1, on the terms and conditions in the Explanatory Statement.”


7. RESOLUTION 7 – SHARE ISSUE TO NOEL ONG

To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution:


“That, subject to all other Resolutions in this Notice being passed, Shareholders approve the issue of 4,000,000 fully paid ordinary Shares to Noel Ong (or his nominees) after completion of Resolution 1, on the terms and conditions in the Explanatory Statement.”


Dated: 30 September 2021

By order of the Board

Chairman


Taiton Resources Limited Notice of Meeting held on 22 October 2021
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Taiton Resources Limited, Notice of Meeting to be held on  22 October 2021

About Taiton Resources Limited


Taiton Resources Limited was previously listed on the ASX (previous stock code: “SYS”) and is currently a mineral exploration company focussed on projects in Western Australia and South Australia.

ABN 41 062 284 084 ACN 062 284 084


Contact


t: +61 3 8648 6431

f: +61 3 8648 6480

REGISTERED OFFICE: Level 13, 200 Queen St, Melbourne, VIC 3000

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