re: + gheneral meeting approves biogold acquisitio General Meeting Approves BioGold Acquisition
The Board of Directors are pleased to advise that Michelago’s shareholders overwhelmingly endorsed the Company’s proposed acquisition of an 82% interest in the BioGold Facility, Shandong Province, China at a general meeting held late yesterday.
The Company has issued a press release to ASX, separate to this announcement. All resolutions were approved by shareholders on a show of hands. Proxy voting details are set out below.
Resolution 1 – Ratification of an Issue of 57 Million Shares This resolution was carried as an ordinary resolution on a show of hands. 120,028,416 proxy votes were in favour of the resolution, 60,340 were against the resolution, 170,000 were abstained and 1,857,000 were at the discretion of the proxy holder.
Resolution 2 – Purchasing 82% of the BioGold Facility This resolution was carried as an ordinary resolution on a show of hands. 157,586,252 proxy votes were in favour of the resolution, 20,000 were against the resolution, 170,000 were abstained and 1,857,000 were at the discretion of the proxy holder.
Resolution 3 – Issue of Shares to Bactech to Raise Capital This resolution was carried as an ordinary resolution on a show of hands. 157,586,252 proxy votes were in favour of the resolution, 20,000 were against the resolution, 170,000 were abstained and 1,857,000 were at the discretion of the proxy holder.
Resolution 4 – Issue of Shares to Bactech to secure BACOX licence This resolution was carried as an ordinary resolution on a show of hands. 157,586,252 proxy votes were in favour of the resolution, 20,000 were against the resolution, 170,000 were abstained and 1,857,000 were at the discretion of the proxy holder.
MIC
michelago limited
