Auris Minerals Ltd.

03/09/2018 | Press release | Distributed by Public on 03/08/2018 21:04

Notices Under Section 249D of the Corporations Act

ASX Announcement

9 March 2018


Auris Minerals Limited (AUR or Company) advises it has received:

a notice from Investmet Limited, Hades Corporation (WA) Pty Ltd and Delta Resource Management Pty Ltd (collectively the "Investmet Requisitionists") under section 249D of the Corporations Act 2001 (Cth) requesting the directors to call and arrange to hold a general meeting of the Company for the purpose of considering the following resolution:

(i)That, Mr Robert Paul Martin be removed as a Director of the Company in accordance with section 203D of the Corporations Act, with effect from the passing of this resolution.

Receipt of the notice from the Investment Requisitionists follows on from the receipt of notices under section 249D from All-States Finance Pty Ltd, Pershing Australia Nominees Pty Limited, Mandevilla Pty Ltd and Riverview Corporation Pty Ltd (collectively the "Mandevilla Requisitionists") on 22 February 2018.

The Board understands that In light of the steps taken by the Mandevilla Requisitionists to requisition a general meeting to consider removal of Ms Bronwyn Lesley Barnes and Dr Elizabeth Susan Vearncombe as directors, the Investmet Requisitionists considered it necessary to take steps to protect their investment in the Company by seeking the removal of Mr Robert Paul Martin as a director.

The Board will be in communication with shareholders about both the notice by the Investmet Requisitionists and the notices from the Mandevilla Requisitionists.

Under section 249D of the Corporations Act, the Directors must call and arrange to hold a general meeting on the request of members with at least 5% of the votes that may be cast at the general meeting. Directors must call the meeting within 21 days after the request is given to the company, and the meeting is to be held not later than 2 months after the notice of request has been received.

The Company will undertake the necessary steps to convene a general meeting in compliance with the Corporations Act. A single general meeting will be convened to deal with the notice by the Investmet Requisitionists and the notices from the Mandevilla Requisitionists. The proposed date of the meeting will be announced to ASX and a notice of general meeting including details of the meeting and an explanatory memorandum will be circulated in due course.

For and on behalf of the Board.




Level 1, 18 Richardson Street, West Perth Western Australia 6005 | PO Box 298 West Perth WA 6872 T +61 8 6109 4333 | E[email protected] | W