Result of Extraordinary General Meeting

24.05.2018

At the Extraordinary General Meeting of the Company held today, 24 May 2018, all of the following resolutions were each passed on a poll:

Special Resolution:

1. That, subject to the passing of Resolution 2, the directors of the Company be and they are hereby generally and unconditionally authorised, in addition to all existing authorities to the extent unused, to exercise all the powers of the Company to allot Ordinary Shares in the Company and grant rights to subscribe for, or convert any security into, shares in the Company up to an aggregate nominal amount of £38,621.35 on, and subject to, such terms as the Directors may determine without first making an offer to each person who holds Ordinary Shares in the Company. This authority, unless renewed, extended, varied or revoked by the Company in a general meeting, shall expire 365 days after the date of the passing of this resolution, save that the Company may, prior to the expiry of such period, make an offer or agreement which would or might require shares to be allotted in the Company after such expiry and the directors may allot shares in the Company in pursuance of such offer or agreement notwithstanding the expiry of the authority given by this resolution.

The percentage of the votes For 84.23%: Against 15.77%.

Ordinary Resolution:

2. That the waiver granted by the Panel on Takeovers and Mergers of the obligation that would otherwise arise on the Vendor and the Concert Party to make a general offer to the shareholders of the Company pursuant to Rule 9 of the City Code on Takeovers and Mergers as a result of the issue of Ordinary Shares to the Vendor pursuant to the Acquisition was approved.

The percentage of the votes For 70.69%: Against 29.31%.

FOR FURTHER INFORMATION PLEASE CONTACT:

Highland Gold Mining Ltd.

 

John Mann, Head of Communications

+ 7 495 424 95 21

Duncan Baxter, Non-Executive Director

+ 44 (0) 1534 814 202

Numis Securities Limited

(Nominated Adviser and Joint Broker)

John Prior, James Black, Paul Gillam

+44 (0) 207 260 1000

 

BMO Capital Markets

(Joint Broker)

Jeffrey Couch, Neil Haycock, Pascal Lussier Duquette

+44 (0) 207 236 1010

Peat & Co

(Joint Broker)

Charlie Peat

+44 (0) 207 104 2334