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 type | No. voted | Voted (%) | ||
| 1 | Receive financial statements (Ordinary resolution) | For | 41,610,724 | 100.000 |
| Against | 0 | 0.000 | ||
| Withheld | 3,100 | – | ||
| Discretion | 0 | 0.000 | ||
| 2 | Elect Dennis Edmonds (Ordinary resolution) | For | 41,610,482 | 99.998 |
| Against | 3,100 | – | ||
| Discretion | 0 | 0.000 | ||
| 3 | Elect Chris Gordon (Ordinary resolution) | For | 41,610,482 | 99.998 |
| Against | 750 | 0.002 | ||
| Withheld | 3,100 | – | ||
| Discretion | 0 | 0.000 | ||
| 4 | Re-elect James Cable (Ordinary resolution) | For | 41,610,482 | 99.998 |
| Against | 750 | 0.002 | ||
| Withheld | 3,100 | – | ||
| Discretion | 0 | 0.000 | ||
| 5 | Appoint auditors (Ordinary resolution) | For | 41,611,232 | 100.000 |
| Against | 0 | 0.000 | ||
| Withheld | 3,100 | – | ||
| Discretion | 0 | 0.000 | ||
| 6 | Auditors remuneration (Ordinary resolution) | For | 41,611,232 | 100.000 |
| Against | 0 | 0.000 | ||
| Withheld | 3,100 | – | ||
| Discretion | 0 | 0.000 | ||
| 7 | Company name change (Special resolution) | For | 31,610,482 | 75.966 |
| Against | 10,000,750 | 24.034 | ||
| Withheld | 3,100 | – | ||
| Discretion | 0 | 0.000 | ||
| 8 | Authorise filing of documents (Special resolution) | For | 31,610,482 | 75.966 |
| Against | 10,000,750 | 24.034 | ||
| Withheld | 3,100 | – | ||
| Discretion | 0 | 0.000 | ||
| 9 | Authorise other activities re name change (Special resolution) | For | 31,610,482 | 75.966 |
| Against | 10,000,750 | 24.034 | ||
| Withheld | 3,100 | – | ||
| Discretion | 0 | 0.000 | ||
| 10 | Adopt amended M&A (Special resolution) | For | 31,610,482 | 99.998 |
| Against | 750 | 0.002 | ||
| Withheld | 10,003,100 | – | ||
| Discretion | 0 | 0.000 | ||
| 11 | Electronic filing of documents (Special resolution) | For | 31,610,482 | 99.998 |
| Against | 750 | 0.002 | ||
| Withheld | 10,003,100 | – | ||
| Discretion | 0 | 0.000 |
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 |