Result of Annual General Meeting and Change of Name

20 September 2018

Related documents

Arian Silver Corporation (the “Company”) announces that all the resolutions proposed at the Company’s Annual General Meeting, which was held in London earlier today, were passed unanimously on a show of hands.

Application will be made to the BVI Registry of Corporate Affairs for the name of the Company to be changed to Alien Metals Ltd and a further announcement will be made in due course.

Following the change of company name, all issued share certificates bearing the name Arian Silver Corporation will remain valid and will not be replaced. Shareholders are not required to take any action as a consequence of this change.

Proxy votes had been received in respect of the resolutions as set out below.

Vote typeNo. votedVoted (%)
1Receive financial statements (Ordinary resolution)For41,610,724100.000
Against
0 0.000
Withheld 3,100
Discretion0 0.000
2 Elect Dennis Edmonds (Ordinary resolution) For 41,610,482 99.998
Against 3,100
Discretion0 0.000
3 Elect Chris Gordon (Ordinary resolution) For 41,610,482 99.998
Against 750 0.002
Withheld3,100
Discretion0 0.000
4 Re-elect James Cable (Ordinary resolution) For 41,610,482 99.998
Against 750 0.002
Withheld 3,100
Discretion0 0.000
5 Appoint auditors (Ordinary resolution) For 41,611,232 100.000
Against0 0.000
Withheld 3,100
Discretion0 0.000
6 Auditors remuneration (Ordinary resolution) For 41,611,232 100.000
Against0 0.000
Withheld 3,100
Discretion0 0.000
7 Company name change (Special resolution) For 31,610,482 75.966
Against10,000,750 24.034
Withheld 3,100
Discretion0 0.000
8 Authorise filing of documents (Special resolution) For 31,610,482 75.966
Against10,000,750 24.034
Withheld 3,100
Discretion0 0.000
9 Authorise other activities re name change
(Special resolution)
For 31,610,482
75.966
Against10,000,750 24.034
Withheld 3,100
Discretion0 0.000
10 Adopt amended M&A (Special resolution) For 31,610,482 99.998
Against 750 0.002
Withheld10,003,100
Discretion0 0.000
11Electronic filing of documents (Special resolution) For 31,610,482 99.998
Against 750 0.002
Withheld10,003,100
Discretion00.000

The Company acknowledges that more than 20% of votes were cast against resolutions 7, 8 and 9 in respect of the proposed change of Company name. The number of investors who voted against these resolutions by proxy, represented 13% of the number who voted.

It is not expected that all investors will favour the new proposed name, but the Board consider a clear majority are in favour of the new name and as such, the Board will proceed with the change of name. Investors who wish to discuss the matter are invited to contact the Chairman, Dennis Edmonds.

For further information please contact:

Arian Silver Corporation

Dennis Edmonds, Executive Chairman

David Taylor, Company Secretary
Tel: +44 (0)20 7887 6599
Northland Capital Partners Limited
David Hignell / Dugald J. Carlean / Jamie Spotswood / Isabella Pierre
Tel: +44 (0)203 861 6625