Chairman’s Address – AGM
Chairman’s Address at the Annual General Meeting
Chairman’s Address at the Annual General Meeting
Notice is hereby given that the Annual General Meeting (AGM) of shareholders of Kula gold Limited (the Company) will be held at Suite 2, Level 15, 1 York Street, Sydney NSW 2000 on Tuesday 26 May 2015 at 11.00am (AEST) (Meeting).
The Explanatory Notes to this Notice provides additional information on matters to be considered at the Meeting. The Proxy Form and Explanatory Notes form part of this notice.
Watou Prospect confirms continuity of significant surface gold mineralisation
Two continuous ore grade zones delineated and a third zone identified with mineralisation open along strike, including trench assay results of:
– 8 metres @ 4.46g/t Au
– 23 metres @ 2.03 g/t Au
Mineralisation located in close proximity to the Woodlark King Deposit
Watou mineralisation demonstrates the potential for Woodlark to deliver additional resource ounces
Investment Highlights:
Company now debt free and funded to add value at the Woodlark Island Gold Project
Debt facility closed with the conversion of debt into equity
Second tranche of Placement shares issued, funds received
Exploration activities continue on cost constrained basis targeting increasing higher grade Resources
Project development funding plans commenced in readiness for faster project development
Kula Gold Limited (ASX: KGD), provides the following information regarding the results of the General Meeting of the Company held on 26 November 2014 in accordance with Listing Rule 3.13.2 and Section 251AA of the Corporations Act 2001 (Cth).
This resolution was passed, as an ordinary resolution on a show of hands.
The valid proxy votes lodged for this resolution were:
FOR | AGAINST | OPEN | ABSTAIN |
92,521,423 | 519,449 | 116,403 | 700 |
This resolution was passed, as an ordinary resolution on a show of hands.
The valid proxy votes lodged for this resolution were:
FOR | AGAINST | OPEN | ABSTAIN |
86,508,089 | 519,449 | 116,403 | 499,033 |
This resolution was passed, as an ordinary resolution on a show of hands.
The valid proxy votes lodged for this resolution were:
FOR | AGAINST | OPEN | ABSTAIN |
86,458,089 | 569,449 | 116,403 | 499,033 |
This resolution was passed, as an ordinary resolution on a show of hands.
The valid proxy votes lodged for this resolution were:
FOR | AGAINST | OPEN | ABSTAIN |
110,819,545 | 569,449 | 116,403 | 5,700 |
This resolution was passed, as an ordinary resolution on a show of hands.
The valid proxy votes lodged for this resolution were:
FOR | AGAINST | OPEN | ABSTAIN |
43,630,573 | 565,249 | 137,487 | 28,603,758 |
This resolution was passed, as an ordinary resolution on a show of hands.
The valid proxy votes lodged for this resolution were:
FOR | AGAINST | OPEN | ABSTAIN |
123,360,410 | 653,246 | 125,603 | – |
This resolution was passed, as an ordinary resolution on a show of hands.
The valid proxy votes lodged for this resolution were:
FOR | AGAINST | OPEN | ABSTAIN |
123,360,410 | 653,246 | 125,603 | – |
This resolution was passed, as an ordinary resolution on a show of hands.
The valid proxy votes lodged for this resolution were:
FOR | AGAINST | OPEN | ABSTAIN |
123,354,520 | 653,246 | 131,493 | – |
For and on behalf of the Board.
Leanne Ralph
Company Secretary
Kula Gold has recently completed a high quality helicopter magnetics survey and reviewed this along with the current geological knowledge gained from the discovery of the 2.1 million ounce Mineral Resource. The highlights of this work have been presented in a number announcements and investor presentations. A detail report of the work has now been completed.
A copy of the report can be found on the below link
Kula Gold Limited (ASX: KGD) is pleased to advise that it has appointed Foster Stockbroking Pty Ltd and Cormark Securities Inc. as strategic advisors in Australia and North America respectively, to assist with negotiations around the future funding and development of Kula’s flagship Woodlark Island Gold Project in Papua New Guinea. This follows a number of enquiries from these sources.
Foster Stockbroking is a highly regarded growth focused investment bank based in Sydney, Australia who recently acted as Sole Lead Manager to the A$3.56 million institutional equity placement completed by Kula Gold. Their client base spans across Australia, Asia, US and the UK and comprises both institutional and strategic investors and in the last 12 months alone it has led a total of over $200 million in equity financings for ASX listed companies.
Cormark Securities is a leading independent investment dealer with offices in Toronto and Calgary, with extensive experience providing advice to clients in North America. Since 2008, Cormark have participated in ~US$16 billion of mining financings and advised on ~US$5 billion of mining M&A activity. Most recently Cormark has advised on the US$351 million sale of Brigus Gold and the US$400 million sale of Sulliden Gold in 2014.
The appointment of Foster Stockbroking and Cormark Securities will assist in all ongoing negotiations and strategies to unlock value for Kula’s shareholders.
Kula Gold CEO Mr Stuart Pether commented, “We are very pleased to have appointed two experienced and well regarded strategic advisors to assist us with identifying the best form of investment for the Company’s flagship Woodlark Island Gold Project.
“The recent completion of the $3.56 million institutional equity placement highlights the strong level of support the Company has secured for the continued development of Woodlark Island Gold Project. We look forward to updating our shareholders on any corporate developments in due course”.
For further information, please contact:
Stuart Pether
Chief Executive Officer
Tel +61 2 9262 5651
Suite 2, Level 15, 1 York Street
Sydney, NSW 2000, Australia
E: info@kulagold.com.au
W: www.kulagold.com.au
Twitter: @KulaGold