Coalspur Mines Limited (the “Corporation”) General Meeting of Shareholders - Report of Voting Results
Section 11.3 of National Instrument 51-102 - Continuous Disclosure Obligations
PERTH, Western Australia, June 27, 2013 /CNW/ -
The following matters were approved by the shareholders of the Corporation:
Resolution | Result | Number of Proxy Votes | |||
For | Against | Proxy's Discretion |
Abstain/ Excluded |
||
1. Approval of issue of EIG Convertible Notes, EIG Warrants and Shares to EIG Funds |
Passed on a show of hands |
287,043,317 | 1,767,423 | 18,550 | 4,300 |
2. Approval of BP Convertible Loan and issue of BP Warrants and Shares to Borrowdale |
Passed on a show of hands |
123,576,565 | 1,801,573 | 18,550 | 163,436,902 |
Following the General Meeting, Coalspur will have access to US$37 million of the EIG Convertible Notes and will have access to an additional US$120 million following the completion of various terms and conditions, which include the receipt of regulatory approvals required to commence construction on its Vista Coal Project. The remaining balance available under the EIG facility of up to US$350 million will be available upon satisfaction of additional conditions including finalising the mining contract and funding for Vista's development capital.
SOURCE: Coalspur Mines Limited
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