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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Murchison Utd | LSE:MUU | London | Ordinary Share | AU000000FTE4 | NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.00 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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MURCHISON UNITED NL
ACN 009 087 852
ASX CODE: MUR, AIM CODE: MUU
Telephone: +618 9322 4071, Fax: +618 9322 4073
NOTICE OF ANNUAL GENERAL MEETING
Shareholders are advised that the 2008 Annual General Meeting (AGM) of Murchison United NL ("Company") will be held
on Tuesday 25th November 2008 in the Westend One Room, Level 1, at the Rydges Hotel Perth, Cnr Hay and King Streets
Perth, Western Australia commencing at 9.00 am (Perth Time).
ORDINARY BUSINESS
1. FINANCIAL STATEMENTS AND REPORTS
To receive and consider the Financial Report of the Company and the reports of the Directors and Auditors for the year
30 June 2008.
2. RESOLUTION 1 - RE-ELECTION OF DIRECTOR - GLENN FEATHERBY
To consider and, if thought fit, pass as an ordinary resolution the following:
"That Mr. Glenn Featherby, a Director being rotated in accordance with Clause 9.1(e)(1) of the Company's
Constitution, being eligible, be re-elected as a Director of the Company."
3. RESOLUTION 2 - RE-ELECTION OF DIRECTOR - LADY BARBARA JUDGE
To consider and, if thought fit, pass as an ordinary resolution the following:
"That Lady Barbara Judge, a Director being rotated in accordance with Clause 9.1(c) of the Company's
Constitution, being eligible, be re-elected as a Director of the Company."
4. RESOLUTION 3 - REMUNERATION REPORT
To consider and, if thought fit, pass as a non binding ordinary resolution the following:
"That the remuneration report contained in the Directors' Report for the year ended 30 June 2008 be
adopted by the Company."
5. RESOLUTION 4 - RATIFICATION OF AREVA PLACEMENT
To consider and, if thought fit, pass as an ordinary resolution the following:
"That, in accordance with Listing Rule 7.4 and for all other purposes, Shareholders ratify the issue of
20,009,611 Shares each at an issue price of $0.135 to Avera NC ("Areva Placement") in accordance with the
terms in the Explanatory Memorandum."
Voting Exclusion Statement
The Company will disregard any votes cast on this Resolution by a person who participated in the Areva Placement or
an associate of that person.
However, the Company will not disregard a vote if:
* it is cast by a person as proxy for a person who is entitled to vote, in accordance with the directions on
the proxy form; or
* it is cast by a person chairing the meeting as proxy for a person who is entitled to vote, in accordance
with a direction on the proxy form to vote as the proxy decides.
6. RESOLUTION 5 - AUTHORISE AREVA ISSUE
To consider and, if thought fit, pass the following resolution as an ordinary resolution:
"That, in accordance with Listing Rule 7.1 and for all other purposes, Shareholders approve and authorise the
issue of up to 44,465,803 Shares ("Areva Issue") in accordance with the terms in the Explanatory Memorandum."
Voting Exclusion Statement
The Company will disregard any votes cast on this Resolution by a person who may participate in the Areva Issue and
who might obtain a benefit (except a benefit solely in the capacity of a holder of ordinary securities) if the
Resolution is passed, or an associate of that person.
However, the Company will not disregard a vote if:
* it is cast by a person as proxy for a person who is entitled to vote, in accordance with the directions on
the proxy form; or
* it is cast by a person chairing the meeting as proxy for a person who is entitled to vote, in accordance
with a direction on the proxy form to vote as the proxy decides.
7. RESOLUTION 6 - GRANT OPTIONS TO LADY BARBARA JUDGE
To consider and, if thought fit, pass the following resolution as an ordinary resolution:
"That, subject to the passing of Resolution 2, for the purpose of ASX Listing Rule 10.11, the Shareholders
approve the grant to Lady Barbara Judge (or her nominees) of 3,000,000 options to subscribe for fully paid
ordinary shares in the Company on the terms and conditions in the Explanatory Memorandum attached to and
forming part of this Notice."
Voting Exclusion Statement
The Company will disregard any votes cast on this resolution by Lady Barbara Judge and any of her associates.
However, the Company will not disregard a vote if:
* it is cast by a person as proxy for a person who is entitled to vote, in accordance with the directions on
the proxy form; or
* it is cast by a person chairing the meeting as proxy for a person who is entitled to vote, in accordance
with a direction on the proxy form to vote as the proxy decides.
8. RESOLUTION 7 - CHANGE OF COMPANY NAME
To consider and, if thought fit, pass as a special resolution the following:
"That, with effect from the Effective Date in accordance with section 157 of the Corporations Act, the
name of the Company be changed to Forte Energy NL."
EXPLANATORY MEMORANDUM
Shareholders should read the Explanatory Memorandum accompanying this Notice for further information regarding the
resolutions.
PROXIES
A Shareholder who is entitled to vote at the meeting has a right to appoint a proxy and should use the proxy form
enclosed with this notice. The proxy need not be a Shareholder.
A Shareholder who is entitled to cast 2 or more votes may appoint two proxies and may specify the proportion or number
of votes each proxy is appointed to exercise. If two proxies are appointed and the appointment does not specify the
proportion or number of votes that the proxy may exercise, section 249X of the Corporations Act 2001 takes effect so
that each proxy may exercise half of the votes (ignoring fractions).
A proxy's authority to speak and vote for a Shareholder at the meeting is suspended if the Shareholder is present at
the meeting.
The proxy form must be signed and dated by the Shareholder or the Shareholder's attorney. Joint Shareholders must each
sign.
Proxy forms and the original or a certified copy of the power of attorney, (if the proxy form is signed by an
attorney) must be received by Murchison United NL:
* At GPO Box 2870, West Perth, Western Australia 6872 or
* On fax number +618 9322 4073,
no later than 9.00 am (Perth time) on Sunday 23 November 2008.
BODIES CORPORATE
A body corporate may appoint an individual as its representative to exercise any of the powers the body may exercise
at meetings of the Shareholders. The appointment may be a standing one. Unless the appointment states otherwise, the
representative may exercise all of the powers that the appointing body could exercise or in voting on a resolution.
POINT AT WHICH VOTING RIGHTS ARE DETERMINED
It has been determined that under the Corporations Regulations 7.11.37, for the purposes of the Annual General
Meeting, Shares will be taken to be held by the persons who are the registered holders at 4.00pm (Perth time) on 24
November 2008. Accordingly, Share transfers registered after that time will be disregarded in determining
entitlements, to attend and vote at the meeting.
By order of the Board
M D Reilly
Company Secretary
23 October 2008
Murchison's Nominated Advisor for the AIM market is RFC Corporate Finance Ltd.
Contact: Stuart Laing, Ph: +618 9480 2506
EXPLANATORY MEMORANDUM TO ACCOMPANY THE NOTICE OF ANNUAL GENERAL MEETING
1. Introduction
This Explanatory Memorandum has been prepared for the Shareholders of Murchison United NL in connection
with the Annual General Meeting of the Company to be held at 9.00 am (Perth time) on Tuesday 25th November
2008, in the Westend One Room, level 1 at the Rydges Hotel Perth, Cnr Hay & King Streets, Perth, Western
Australia.
2 Financial Statements and Reports
There is no requirement for Shareholders to approve the Financial Statements and Reports.
Shareholders will be offered the following opportunities:
(a) Discuss the Financial Statements and Reports for the financial year ended 30 June 2008 which is online
at http://www.murchisonunited.com.au.
(b) Ask questions or make comment on the management of the Company.
(c) Ask the auditor questions about the conduct of the audit and the preparation and content of the
auditor's report.
In addition to taking questions at the meeting, written questions to the Chairman about the management of
the Company, or to the Company's auditor about:
(a) the preparation and content of the auditor's report;
(b) the conduct of the audit;
(c) accounting policies adopted by the Company in relation to the preparation of the financial statements;
and
(d) the independence of the auditor in relation to the conduct of the audit
may be submitted no later than 5 business days before the meeting to the Company Secretary at the Company's
registered office.
3 Background
3.1 Co-operation Agreement
On 23 July 2008, the Company and Areva NC entered into a co-operation agreement in respect of the
Company's tenements in Mauritania, West Africa (Co-operation Agreement).
Under the Co-operation Agreement:
(a) the Company has a right to use information owned by Areva in relation to the uranium deposits
located on the Company's tenements in Mauritania (Licence);
(b) the Company has a right to utilise the technical expertise of certain members of Areva's staff
(Services), including:
(i) an exploration-project manager;
(ii) a hydro-geologist;
(iii) a drilling expert;
(iv) a resources and reserves manager;
(v) a geophysicist down hole probing expert; and
(vi) a geophysicist;
(c) the Company may offer to form a joint venture with Areva if exploration during the 2-year period
after 23 July 2008 delineates a minimum of 60m lbs of uranium JORC inferred resources;
(d) if the milestone in (c) above is met then the parties will negotiate in good faith to agree a
process to allow Areva to earn a 25% interest in the joint venture based on internal and market
valuations and commercial terms. If the parties cannot agree a market value for the farm-in
interest then the market value will be determined by an independent expert agreed by both parties;
(e) if an entity, either directly or indirectly, acquires more than 50% of the Company then Areva
shall have the right to purchase the Company's interest in the joint venture;
(f) Areva may not withdraw from the project before the end of the 2 year exploration phase;
(g) if a joint venture is created the joint venture will complete a scoping study within 4 years from
23 June 2008 which will aim to identify resources of at least 30m lbs uranium of measured and
indicated resources of calcrete types or a minimum of 40m lbs uranium of measured and indicated
resources for other types of deposits. Resources are to be JORC or NI 43-101 compliant. If the
scoping study is successful then the joint venture will consider advancing the project to a pre-
feasibility study;
(h) Areva will conduct any pre-feasibility study in respect of the project and each party will
contribute to the costs of the pre-feasibility study to the extent of their interest in the joint
venture;
(i) during the pre-feasibility stage the parties will negotiate in good faith to agree to a process
allowing Areva to obtain a 51% interest in the joint venture on internal and market valuations and
commercial terms. Areva will also have the option to acquire 100% of the marketing rights on any
future production from the joint venture tenements. An independent expert will determine the
value of the 51% interest in the joint venture and the 100% interest in the marketing rights, if
they cannot be agreed between the parties;
(j) Areva will conduct any feasibility study in respect of the project and each party will contribute
to the costs of the feasibility study to the extent of their interest in the joint venture;
(k) during the feasibility stage the parties will negotiate in good faith to agree to a process
allowing Areva to obtain a 100% interest in the joint venture on internal and market valuations
and commercial terms. An independent expert will determine the value of the 51% interest if they
cannot be agreed between the parties; and
(l) Areva will subscribe for Shares the subject of Resolution 4.
(m) In consideration for the grant of the Licence and the provision of the Services the Company will
issue the Shares the subject of Resolution 5.
The Co-operation Agreement is subject to the laws of France.
3.2 Effect of Capital Structure
The capital structure of the Company assuming Resolutions 4 and 5 are approved and implemented is:
Number of Shares % of current Number of
issued share Options
capital
Issued capital (prior to 382,432,617 - 23,000,000
Areva Placement)
Shares issued under Areva 20,009,611 5.23% -
Placement
Shares to be issued under 44,465,803 11.63% -
Areva Issue
TOTAL 446,908,031 16.86% 23,000,000
3.3 Company's Projects
Murchison United NL is an Australian-based company whose principal activity is minerals exploration. The
Company currently has uranium exploration projects in Mauritania and Guinea in West Africa and copper
interests in the Millennium copper leases in Cloncurry, Queensland and the Maroochydore copper project
near Telfer in Western Australia.
Murchison has secured an extensive portfolio of uranium exploration projects comprising some 15,400km2 of
highly prospective tenements in Mauritania and Guinea, West Africa. Its objective is to delineate
significant new uranium deposits within these under-explored terrains.
The Company recently confirmed the significant potential and prospectivity of the Bir En Nar Project in
Mauritania, after announcing final downhole radiometric logging results, including further significant
high-grade results from its recently completed maiden RC drilling program.
26 of the 38 holes tested returned intercepts calculated at greater than 1,000ppm eU3O8. Seven holes
contained intercepts exceeding 5,000ppm eU3O8, with a maximum intercept of 1.55m at 18,280ppm eU3O8.
Murchison considers these results to be very encouraging and confirms the prospectivity for uranium
mineralisation.
The Bir En Nar prospect is a 900 metre long radioactive zone extending 50-70 metres in width and
following a tectonic structure in a NW-SE direction. A smaller parallel zone occurs a few hundred metres
to the south-west.
The permit areas are located in the north of the country near the town of Bir Moghrein and at Bir En Nar
in Zednes region. These were originally identified by the Company's Technical Director, Mr Bosse
Gustafsson, from a study commissioned by the World Bank and further refined from aeroradiometric data
highlighting the region's prospectivity for uranium occurrences.
In Guinea, the Company is currently undertaking a follow-up 5,000m diamond drilling program at Firawa
prospect, targeting a JORC compliant resource estimate to follow up initial drilling carried out in 2007.
Encouraging results of up to 1,325ppm U3O8 were returned from drilling at Firawa last year.
4. Resolution 1 - Re-election of Glenn Featherby
Mr. Featherby was appointed as a Director on 2 August 2004. Under the Company's Constitution any Director
who at the conclusion of the meeting will have been in office for 3 or more Annual General Meetings since
he was elected to office, or failing that, the longest serving Director, must retire. Mr. Featherby holds
office until this meeting, and being eligible, offers himself for re-election.
Information on Mr. Featherby is contained in the Company's annual report.
5. Resolution 2 - Re-election of Lady Barbara Judge
Lady Judge was appointed as a Director since the last Annual General Meeting. Under the Company's
Constitution she holds office only until this meeting, and being eligible, offers herself for re-election.
Information on Lady Judge is contained in the Company's annual report.
6. Resolution 3 - Remuneration Report
The Directors' Report for the year ended 30 June 2008 contains a remuneration report, which sets out the
policy for the remuneration of the Directors and Executives of the Company.
Under section 250R(2) of the Corporations Act, the Company is required to put the Remuneration Report to
the vote of Shareholders. The Annual Report for the period ended 30 June 2008 contains a Remuneration
Report which sets out the remuneration policy for the Company and reports the remuneration arrangements in
place for the executive and non-executive Directors.
Section 250R(3) of the Corporations Act provides that resolution 3 is advisory only and does not bind the
Directors. Of itself, a failure of Shareholders to pass Resolution 3 will not require the Directors to
alter any of the arrangements in the Remuneration Report, however the Board will take the outcome of the
vote into consideration when considering the remuneration policy.
The Chair of the meeting will allow a reasonable opportunity for Shareholders as a whole to ask about, or
make comments on the Remuneration Report.
7. Resolution 4 - Ratification of Areva Placement
On 28 July 2008, the Company issued to Areva NC 20,009,611 Shares each at an issue price of $0.135 under
the Areva Placement.
Resolution 4 seeks Shareholder approval for the ratification of the Areva Placement.
ASX Listing Rule 7.4 - Shareholder Approval
The Shares issued under the Areva Placement were issued within the Company's 15% limit permitted under
Listing Rule 7.1, without the need for Shareholder approval. The effect of Shareholders passing Resolution
4 will be to restore the Company's ability to issue securities within that limit, to the extent of the
20,009,611 Shares.
Specific information required by Listing Rule 7.5
For the purposes of Shareholder approval of the Areva Placement and the requirements of Listing Rule 7.3,
information is provided as follows:
(a) 20,009,611 Shares each at an issue price of $0.135 were allotted to Areva NC (who is not a
related party of the Company) under the Areva Placement;
(b) the Shares under the Areva Placement are fully paid ordinary shares in the capital of the
Company;
(c) the funds raised by the Areva Placement (being $2,698,732) will be used to progress the
Company's exploration program at the Bir En Nar uranium project; and
(d) a voting exclusion statement is included in the Notice.
8. Resolution 5 - Authorise Areva Issue
Resolution 5 seeks Shareholder approval for the authority to undertake the Areva Issue.
Listing Rule 7.1 - Shareholder Approval
Listing Rule 7.1 requires Shareholder approval for the Areva Issue. Listing Rule 7.1 provides, subject to
certain exceptions, that Shareholder approval is required for any issue of securities by a listed company,
where the securities proposed to be issued represent more than 15% of the Company's securities then on
issue.
Although the Areva Issue does not represent more than the 15% of the Company's securities on issue for the
purposes of Listing Rule 7.1, the Company is seeking Shareholder approval of the Areva Issue so that the
Company's future ability to issue up to 15% of the Company's Share capital in accordance with Listing Rule
7.1 without Shareholder approval is maintained. Accordingly, Shareholder approval is sought in accordance
with Listing Rule 7.3.
Specific information required by Listing Rule 7.3
For the purposes of Shareholder approval of the Areva Issue and the requirements of Listing Rule 7.3,
information is provided as follows:
(a) the maximum number of Shares the Company can issue under the Areva Issue is 44,465,803
Shares;
(b) the Company will issue the Shares no later than 3 months after the date of the General
Meeting (or such longer period of time as ASX may, in its discretion, allow pursuant to a
waiver of ASX Listing Rule 7.3.2);
(c) the Shares will be issued to Areva NC (who is not a related party of the Company) as
consideration under the Co-operation Agreement;
(d) the Shares are ordinary fully paid shares in the capital of the Company;
(e) no funds will be raised by the Areva Issue because the Shares are being issued as
consideration for the grant of the Licence and the provision of the Services under the Co-
operation Agreement;
(f) the allotment of Shares will occur progressively; and
(g) a voting exclusion statement is included in the Notice.
9. Resolution 6 -Grant of Options to Lady Barbara Judge
The grant of Options to Lady Barbara Judge (or her nominee) is considered to be commercially appropriate to
recognise Lady Judge's contribution to the Company and to incentivise her to grow the Company into the
future for the benefit of all Shareholders. The Options will form part of Lady Judge's remuneration which
the Directors (other than Lady Judge) have satisfied themselves is reasonable.
The Options to be granted are in accordance with an agreement Lady Judge entered into with the Company, to
act as a Non-Executive Director and Deputy Chairman effective from 18 July 2008. Under resolution 6, it is
proposed that Lady Judge be granted 3,000,000 Options, with an exercise price of A$0.10. In the 12-month
period before the date of this Notice and Explanatory Memorandum, the highest price of Shares on ASX was
A$0.165 on 18 June 2008 and the lowest price was $0.040 on the 14 October 2008. The closing price on the
day before the date of this Notice was $0.051.
The options will vest when granted. The right to exercise the Options is dependant on Lady Judge completing
12 months' continuous service as a Director (commencing from the date the Options are issued). All
unexercised Options expire 5 years from the date of the grant. If Lady Judge ceases to be a Director, she
may exercise any remaining unexercised Options within 6 months of cessation.
ASX Listing Rule approval
Shareholder approval is sought under Listing Rule 10.11, which provides that a Company must not issue
securities (including options) to a related party of the company, such as a director, without the company
obtaining shareholder approval.
As approval for the issue of the Options to Lady Judge is sought under ASX Listing Rule 10.11, approval of
the issue of the Option is not required under ASX Listing Rule 7.1. The Options issued to Lady Judge will
not limit the ability of the Company to issue securities under ASX Listing Rule 7.1.
ASX Listing Rule 10.13 requires information to be provided to Shareholders as follows to enable them to
assess the merits of resolution 6:
(a) The Options will be granted to Lady Judge, or her nominees;
(b) 3,000,000 Options is the maximum number of Options to be granted to Lady Judge.
(c) The Company will issue the Options no later than one month after the date of the meeting (or such
longer period of time as ASX may in its discretion allow).
(d) Each Option will be issued for nil consideration. Each Option entitles the holder to subscribe for
one (1)Share at an exercise price of $0.10, exercisable on or before that date which is 5 years from
the date of grant.
The Options are not transferable and will not be quoted on ASX. Further terms and conditions of the
Incentive Options are in Annexure A.
(e) A voting exclusion statement is included in this Notice.
(f) No funds will be raised by the issue of the Options as they are being issued for nil consideration.
Directors' Recommendation
Given that Lady Judge has an interest in the outcome of resolution 6, she declines to make a recommendation
to Shareholders in this regard. All the remaining Directors being Mr. Glenn Featherby, Mr. Mark Reilly, Mr.
David Grannell and Mr Bosse Gustafsson, considered to be independent Directors, consider that the issue of
the Options to Lady Judge is in the best interests of the Company and recommends to Shareholders that they
pass the resolution as presented.
4. Resolution 7 - Change of Company Name
The Directors have determined to change the Company name to Forte Energy NL. Resolution 7 seeks
Shareholder approval for the change of name in accordance with section 157 of the Corporations Act.
The Director's believe that the new name for the Company is more appropriate given the Company's current
activities.
Resolution 7 is a special resolution.
6. Definitions and Interpretation
In this Explanatory Memorandum, the following terms have the following meaning unless the context otherwise
requires:
"AIM" means the Alternative Investment Market of the London Stock Exchange.
"Annexure" means an annexure to this Explanatory Memorandum.
"ASIC" means Australian Securities and Investments Commission.
"ASX" means ASX Limited ABN 98 008 624 691 and where the context permits the Australian
Securities Exchange operated by ASX Limited.
"ASX Listing Rules" means the Listing Rules of ASX and "Listing Rules" has an identical meaning.
"Board" means the board of directors of the Company.
"Business Day" means any day that is not a Saturday, Sunday or a public holiday in Western
Australia.
"Company" means Murchison United NL ACN 009 087 852.
"Constitution" means the constitution of the Company.
"Corporations Act" means the Corporations Act 2001 (Commonwealth) and all regulations made pursuant
to such legislation, as amended from time to time.
"Director" means a director of the Company.
"Share" means a fully paid ordinary share in the capital of the Company.
"Shareholder" means a member of the Company, as defined in the Constitution of the Company.
Terms used in this Explanatory Memorandum have the same meaning as in the Corporations Act unless the
context otherwise requires.
ANNEXURE A
MURCHISON UNITED NL DIRECTORS' OPTIONS
It is proposed to grant 3,000,000 options to Deputy Chairman Lady Judge (or her nominee), as follows:-
The options, if approved by the meeting, will be issued no later than one month after the date of the meeting (or
such longer period of time as ASX may in its discretion allow).
Terms and Conditions
The terms and conditions for these options are set out below.
1. Exercise Date
The Options are exercisable wholly or in part at any time from one year after grant and before 5:00 pm
(WST) on the date 5 years after grant ("expiry date"). Options not exercised by that date shall lapse. If
Lady Judge ceases to be a Director,she may exercise any remaining unexercised Options within 6 months of
cessation.
2. Exercise Price
Each option shall entitle the Optionholder to acquire one fully paid ordinary share in the Company
("Share") upon payment of the sum of A$ 0.10.
3. Notice of Exercise
Each option may be exercised at any time before the expiry of the Options by the Optionholder completing
and forwarding to the Company a notice of exercise and payment of the Exercise Price for each Option being
exercised. Any notice of exercise of an Option received by the Company will be deemed to be a notice of
the exercise of the Option on the first business day after the date of receipt of the notice. Cheques
shall be in Australian currency made payable to the Company and crossed "Not Negotiable".
4. No Quotation of Options
Application will not be made by the Company to ASX or the AIM Board of the LSE for official quotation of
the Options.
5. Quotation of Shares on Exercise
Application will be made for official quotation of the Shares issued upon exercise of Options. The Company
will not be under any obligation to ensure that such Shares will be officially quoted.
6. Non-Transferable
The Options are not transferable, except to an Associate of the holder.
7. Participation Rights or Entitlements
There are no participating rights or entitlements inherent in the Options and Optionholders will not be
entitled to participate in new issues of securities offered to shareholders before the expiry of the
Options. However, the Company will ensure that for the purpose of determining entitlements as to any such
issue, the record date will be at least 10 business days after the issue is announced so as to give
Optionholders the opportunity to exercise their Options before the date for determining entitlements to
participate in any issue.
8. Shares Allocated on Exercise.
Shares allocated pursuant to the exercise of Options will be allotted following receipt of all the relevant
documents and payments and will rank equally with all other Shares on issue.
9. Reconstruction of Share Capital
If at any time before the expiry of the Options there is a reconstruction (including consolidation,
subdivision, reduction or return) of the issued capital of the Company, all rights of the Optionholder
shall be reconstructed in accordance with the ASX Listing Rules.
10. Pro Rata Issue
Listing Rule 6.22 does not apply to the Options.
PROXY FORM
To: The Company Secretary Address: GPO Box 2870
Murchison United NL West Perth WA 6872
Australia
Facsimile: +618 9322 4073
I/We (name of shareholder) ............................................
Of (address)....................................................
Being a member/members of Murchison United NL hereby appoint:
(name)......................................................
of (address).....................................................
or failing that person then the Chairman of the Annual General Meeting as my/our proxy to attend and vote for me/us
on my/our behalf at the Annual General Meeting of Murchison United NL to be held in the Westend One Room, Level 1,
The Rydges Hotel Perth, Cnr Hay & King Streets, Perth, WA on 25th November 2008 at 9.00 am (Perth time), and at any
adjournment of that meeting.
This form is to be used in accordance with the directions below. Unless the proxy is directed, he or she may
vote or abstain as he or she thinks fit. In relation to any undirected proxies, the Chairman intends voting
for all resolutions being put forward at the Annual General Meeting. If the Chairman of the meeting is your
nominated proxy, or may be appointed by default, and you have not directed your proxy how to vote on a
resolution below, please place a mark in this box. By marking this box, you acknowledge that the Chairman
may exercise your proxy even if he has an interest in the outcome of a resolution and votes cast by him
other than as proxy holder will be disregarded because of that interest. If you do not mark this box, and
you have not directed your proxy how to vote, the Chairman of the meeting will not cast your votes and your
votes will not be counted in computing the required majority if a poll is called on this item. The Chairman
of the meeting intends to vote undirected proxies in favour of all resolutions.
For Against Abstain
Resolution 1 Re-elect Glenn Featherby
Resolution 2 Re-elect Lady Barbara Judge
Resolution 3 To adopt the Remuneration Report for year ended 30 June 2008
Resolution 4 Ratify Areva Placement
Resolution 5 Authorise Areva Issue
Resolution 6 Granting of options to Lady Barbara Judge
Resolution 7 Change of Company Name to Forte Energy NL
If two proxies are appointed, the proportion of voting rights this proxy is authorised to exercise is.........%.
(An additional proxy form will be supplied by the Company on request).
Dated this.............................day of .........................2008
If the shareholder is an individual:
Signature: ...................................................
Name: ...................................................
If the Shareholder is a Company:
Affix common seal (if required by Constitution)
.........................................................
Director/Sole Director and Secretary Director/Secretary
Instructions for Appointment of Proxy
A Shareholder entitled to attend and vote is entitled to appoint no more than two proxies.
If a Shareholder appoints two proxies and the appointment does not specify the proportion or number of the
Shareholder's votes each proxy may exercise half of the votes.
Every Shareholder present in person or by proxy shall on a show of hands have one vote. On a poll every Shareholder
present in person or by proxy, attorney or representative shall have one vote for each Share held.
The instrument in appointing a proxy shall be in writing under the hand of the appointer or of his or her attorney
duly authorised in writing or, if the appointer is a corporation, either under seal or under hand of an officer or
attorney duly authorised in writing. A proxy need not be a Shareholder.
The instrument appointing a proxy and the power of attorney or other authority (if any) under which it is signed or
a notarially certified copy of that power or authority must be received by the Company at the office of the
Company, GPO Box 2870, West Perth, Western Australia 6872, or by facsimile on +618 9322 4073 by no later than 9.00
am (Perth time), 23 November 2007.
Murchison United N.L
1 Year Murchison United Nl Chart |
1 Month Murchison United Nl Chart |
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