Result of EGM

 

TIDMCGM 
 
RNS Number : 3778Z 
China Goldmines PLC 
21 September 2009 
 

 
 
 
 
 
 
China Goldmines plc ("CGM" or the "Company") 
 
 
RESULTS OF GENERAL MEETING 
CGM announces that, at the General Meeting of the Company held earlier this 
morning Resolution 1 was duly passed. The Disposal (as described in the Circular 
sent to shareholders on 1 September 2009) has now been approved and is expected 
to complete on 3 October 2009 subject to the remaining conditions being met or 
waived. 
Immediately prior to the meeting the Board withdrew Resolution 2 relating to the 
Company's investing policy, despite those proxies which were received validly 
indicating that Resolution 2 would have been passed. After due consideration 
Resolution 2 was withdrawn due to a procedural discrepancy on a single voting 
block which, had it been lodged validly, would have influenced the outcome of 
the Resolution. The Board believes that the decision to withdraw this Resolution 
was in the best interests of all shareholders. 
The Board will focus on the disposal of the assets, scheduled to close on 3 
October 2009, as a priority and will submit a revised investment policy to 
shareholders for approval at a future general meeting to be held no later than 
31 December 2009. The Directors intend to consult further with shareholders in 
relation to the revised investing strategy. 
A further announcement will be made following this consultation process. 
 
 
For further information please contact: 
 
+----------------------------------+------------------------------------+ 
|     China Goldmines plc          | [phone]                    | 
|     Clive Donner (Non Executive  | [phone]                   | 
|     Chairman)                    |                                    | 
|     Frank Vanspeybroeck (CEO)    |                                    | 
|                                  |                                    | 
+----------------------------------+------------------------------------+ 
|     Threadneedle Communications  | [phone]                | 
|     Laurence Read                |                                    | 
+----------------------------------+------------------------------------+ 
|     Brewin Dolphin Ltd (Nomad)   | [phone]                | 
|     Alex Dewar                   |                                    | 
+----------------------------------+------------------------------------+ 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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