TIDMCAS
RNS Number : 6102P
Crusader Resources
30 May 2018
30 May 2018
Crusader Resources Limited
("Company" or "Crusader")
Result of Annual General Meeting
Crusader Resources Limited (ASX: CAS, AIM: CAS), announces that
at the Annual General Meeting of shareholders held today,
resolutions 1 to 12 were passed unanimously, by a show of hands, as
ordinary resolutions.
In accordance with section 251AA of the Corporations Act,
details of the valid proxy votes received are as follows:
Resolution For At proxy Against Abstain/Excluded
holders
discretion
-------------------------------- ------------ ------------ ----------- -----------------
1. Remuneration Report 220,897,616 575,000 6,577,743 -
-------------------------------- ------------ ------------ ----------- -----------------
2. Re-election of Director
- Paul Stephen 129,585,777 575,000 97,889,582 -
-------------------------------- ------------ ------------ ----------- -----------------
3. Election of Director
- Andrew Vickerman 224,401,045 575,000 3,074,314 -
-------------------------------- ------------ ------------ ----------- -----------------
4. Approval of issue
of Placement Securities
to Stephen Copulos 155,874,836 575,000 3,098,365 68,502,158
-------------------------------- ------------ ------------ ----------- -----------------
5. Approval of issue
of Placement Securities
to Marcus Engelbrecht 219,445,286 575,000 6,490,073 1,540,000
-------------------------------- ------------ ------------ ----------- -----------------
6. Approval of issue
of Placement Securities
to Andrew Vickerman 224,376,994 575,000 3,098,365 -
-------------------------------- ------------ ------------ ----------- -----------------
7. Approval of issue
of attaching Warrants
to AIM Placement participants 224,401,045 575,000 3,074,314 -
-------------------------------- ------------ ------------ ----------- -----------------
8. Ratification of
issue of Shares to
AIM Placement Advisers 224,401,045 575,000 3,074,314 -
-------------------------------- ------------ ------------ ----------- -----------------
9. Approval of issue
of attaching Warrants
to AIM Placement Advisers 224,401,045 575,000 3,074,314 -
-------------------------------- ------------ ------------ ----------- -----------------
10. Approval of issue
of Warrants to Nominated
Adviser 224,289,324 575,000 3,074,314 111,721
-------------------------------- ------------ ------------ ----------- -----------------
11. Approval of issue
of Performance Rights
to Marcus Engelbrecht 219,357,616 575,000 6,577,743 1,540,000
-------------------------------- ------------ ------------ ----------- -----------------
12. Approval of issue
of Loan Conversion
Securities to Stephen
Copulos 155,874,836 575,000 3,098,365 68,502,158
-------------------------------- ------------ ------------ ----------- -----------------
Issue of Director Conversion Shares and Eyeon Shares
Following the passing of Resolutions 4, 5, 6 and 12, application
has been made for a total of 7,572,481 Director Conversion Shares
and 31,543,526 Eyeon Shares (as defined in the Company's admission
document dated 12 April 2018 ("Admission Document")) to be admitted
to trading on AIM. It is expected that admission will become
effective and dealings in the Director Conversion Shares and Eyeon
Shares on AIM will commence at 8.00 a.m. on 31 May 2018
("Admission"). The Company will also make application for the
Director Conversion Shares and Eyeon Shares to be admitted to
official quotation on ASX.
Following Admission, the Company's issued share capital will be
502,150,521 Ordinary Shares of no par value.
Issue of Performance Rights, Warrants and Placee Warrants
Following the passing of Resolutions 7 to 11, the Company has
issued 531,663 Warrants to Smith & Williamson Investment
Services Limited and 74,845,481 Placee Warrants (as defined in the
Admission Document). The Placee Warrants and the Warrants are to be
issued in registered and certificated form and no application is or
will be made for the Warrants or the Placee Warrants to be listed
or admitted to trading on AIM, ASX or any other securities
exchange.
Director's Interests
The interests of the Directors following Admission, and the
issue of the Performance Rights and Placee Warrants are as
follows:
Director Number Number Number Percentage Number Number
of Ordinary of Director of Ordinary of issued of Performance of Placee
Shares Conversion Shares share Rights Warrants
prior Shares on Admission capital held* held
to Admission on Admission
-------------- -------------- ------------- -------------- -------------- ---------------- -----------
Andrew
Vickerman - 1,665,709 1,665,709 0.33 - 832,854
-------------- -------------- ------------- -------------- -------------- ---------------- -----------
Marcus
Engelbrecht 1,540,000 1,181,354 2,721,354 0.54 17,622,977 590,677
-------------- -------------- ------------- -------------- -------------- ---------------- -----------
Paul
Stephen 5,078,066 - 5,078,066 1.01 - -
-------------- -------------- ------------- -------------- -------------- ---------------- -----------
John - - - - - -
Evans
-------------- -------------- ------------- -------------- -------------- ---------------- -----------
* subject to vesting upon the satisfaction of certain
operational milestones as detailed in the Admission Document
The notifications below, made in accordance with the
requirements of the Market Abuse Regulation, provide further
detail.
For further information, please contact:
Mr. Paul Stephen Investor Relations
Executive Director Office (Aus): +61 8 9320
7500
Office (Aus): +61 8 9320 7500 Email: admin@crusaderresources.com
Email: paul@crusaderresources.com
Smith & Williamson Corporate Camarco
Finance Limited
Nominated Adviser Financial PR
Azhic Basirov/Katy Birkin/Ben Gordon Poole / Nick Hennis
Jeynes
+44(0)20 3757 4997 / +44(0)20
+44(0)207 131 4000 3781 8330
Hannam & Partners
Joint Broker
Neil Passmore / Andrew Chubb/Ernie
Bell
+44 (0)20 7907 8500
About Crusader
Crusader Resources Limited (ASX:CAS, AIM: CAS) is a minerals
exploration and development company listed on the Australian
Securities Exchange and the AIM market of the London Stock
Exchange. Its major focus is Brazil; a country Crusader believes is
vastly underexplored and which offers high potential for the
discovery of world class mineral deposits.
Crusader has two key Gold Assets:
Borborema Gold Project
The Borborema Gold Project is in the Serido area of the
Borborema province in north-eastern Brazil. It is 100% owned by
Crusader and consists of three mining leases covering a total area
of 29 km(2) including freehold title over the main prospect
area.
The Borborema Gold Project benefits from a favourable taxation
regime, existing on-site facilities and excellent infrastructure
such as buildings, grid power, water, sealed roads and is close to
major cities and regional centres. The project's Ore Reserve
includes Proven and Probable Ore Reserves of 1.61Moz of mineable
gold from 42.4Mt @ 1.18g/t (0.4 & 0.5g/t cut-offs for oxide
& fresh). The measured, indicated and inferred Mineral Resource
Estimate of 2.43Moz @ 1.10g/t gold, remains open in all
directions.
Juruena Gold Project
The Juruena Gold Project is located in the highly prospective
Juruena-Alta Floresta Gold Belt, which stretches east-west for
>400km and has historically produced more than 7Moz of gold from
40 known gold deposits.
The Juruena Project has been worked extensively by artisanal
miners (garimpeiros) since the 1980s, producing 500koz in that
time. Historically there is a database of more than 30,000 meters
of drilling and extensive geological data.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
1 Details of the person discharging managerial
responsibilities / person closely associated
---- -----------------------------------------------------------------
a) Name Andrew Vickerman
---- -------------------------------- -------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------
a) Position/status PDMR (Non-executive
Chairman)
---- -------------------------------- -------------------------------
b) Initial notification/Amendment Initial Notification
---- -------------------------------- -------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- -----------------------------------------------------------------
a) Name Crusader Resources Limited
---- -------------------------------- -------------------------------
b) LEI 213800NCMUVXFYSKHH40
---- -------------------------------- -------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
---- -----------------------------------------------------------------
a) Description of the financial Ordinary shares of no
instrument, type of par value
instrument
---- -------------------------------- -------------------------------
Identification code AU000000CAS1
---- -------------------------------- -------------------------------
b) Nature of the transaction Issue of Ordinary Shares
pursuant to Director
Convertible Loan Agreement
---- -------------------------------- -------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---- -------------------------------- --------------- --------------
GBP0.00 1,665,709
----------------------------------------------------- --------------
d) Aggregated information N/A (single transaction)
---- -------------------------------- -------------------------------
Aggregated volume
------------------------------------------------- -------------------
Price
------------------------------------------------- -------------------
e) Date of the transaction 30 May 2018
---- -------------------------------- -------------------------------
f) Place of the transaction Outside of a trading
venue
---- -------------------------------- -------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ----------------------------------------------------------------
a) Name Andrew Vickerman
---- -------------------------------- ------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------
a) Position/status PDMR (Non-executive
Chairman)
---- -------------------------------- ------------------------------
b) Initial notification/Amendment Initial Notification
---- -------------------------------- ------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ----------------------------------------------------------------
a) Name Crusader Resources Limited
---- -------------------------------- ------------------------------
b) LEI 213800NCMUVXFYSKHH40
---- -------------------------------- ------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
---- ----------------------------------------------------------------
a) Description of the financial Ordinary shares of no
instrument, type of par value
instrument
---- -------------------------------- ------------------------------
Identification code AU000000CAS1
---- -------------------------------- ------------------------------
b) Nature of the transaction Issue of warrants to
subscribe for Ordinary
Shares of no par value
---- -------------------------------- ------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---- -------------------------------- -------------- --------------
GBP0.00 832,854
---------------------------------------------------- --------------
d) Aggregated information N/A (single transaction)
---- -------------------------------- ------------------------------
Aggregated volume
------------------------------------------------ -------------------
Price
------------------------------------------------ -------------------
e) Date of the transaction 30 May 2018
---- -------------------------------- ------------------------------
f) Place of the transaction Outside of a trading
venue
---- -------------------------------- ------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- -----------------------------------------------------------------
a) Name Marcus Engelbrecht
---- -------------------------------- -------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------
a) Position/status PDMR (Managing Director)
---- -------------------------------- -------------------------------
b) Initial notification/Amendment Initial Notification
---- -------------------------------- -------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- -----------------------------------------------------------------
a) Name Crusader Resources Limited
---- -------------------------------- -------------------------------
b) LEI 213800NCMUVXFYSKHH40
---- -------------------------------- -------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
---- -----------------------------------------------------------------
a) Description of the financial Ordinary shares of no
instrument, type of par value
instrument
---- -------------------------------- -------------------------------
Identification code AU000000CAS1
---- -------------------------------- -------------------------------
b) Nature of the transaction Issue of Ordinary Shares
pursuant to Director
Convertible Loan Agreement
---- -------------------------------- -------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---- -------------------------------- --------------- --------------
GBP0.00 1,181,354
----------------------------------------------------- --------------
d) Aggregated information N/A (single transaction)
---- -------------------------------- -------------------------------
Aggregated volume
------------------------------------------------- -------------------
Price
------------------------------------------------- -------------------
e) Date of the transaction 30 May 2018
---- -------------------------------- -------------------------------
f) Place of the transaction Outside of a trading
venue
---- -------------------------------- -------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ----------------------------------------------------------------
a) Name Marcus Engelbrecht
---- -------------------------------- ------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------
a) Position/status PDMR (Managing Director)
---- -------------------------------- ------------------------------
b) Initial notification/Amendment Initial Notification
---- -------------------------------- ------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ----------------------------------------------------------------
a) Name Crusader Resources Limited
---- -------------------------------- ------------------------------
b) LEI 213800NCMUVXFYSKHH40
---- -------------------------------- ------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
---- ----------------------------------------------------------------
a) Description of the financial Ordinary shares of no
instrument, type of par value
instrument
---- -------------------------------- ------------------------------
Identification code AU000000CAS1
---- -------------------------------- ------------------------------
b) Nature of the transaction Issue of Performance
Rights to subscribe
for Ordinary Shares
of no par value
---- -------------------------------- ------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---- -------------------------------- -------------- --------------
GBP0.00 17,622,977
---------------------------------------------------- --------------
d) Aggregated information N/A (single transaction)
---- -------------------------------- ------------------------------
Aggregated volume
------------------------------------------------ -------------------
Price
------------------------------------------------ -------------------
e) Date of the transaction 30 May 2018
---- -------------------------------- ------------------------------
f) Place of the transaction Outside of a trading
venue
---- -------------------------------- ------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ----------------------------------------------------------------
a) Name Marcus Engelbrecht
---- -------------------------------- ------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------
a) Position/status PDMR (Managing Director)
---- -------------------------------- ------------------------------
b) Initial notification/Amendment Initial Notification
---- -------------------------------- ------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ----------------------------------------------------------------
a) Name Crusader Resources Limited
---- -------------------------------- ------------------------------
b) LEI 213800NCMUVXFYSKHH40
---- -------------------------------- ------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
---- ----------------------------------------------------------------
a) Description of the financial Ordinary shares of no
instrument, type of par value
instrument
---- -------------------------------- ------------------------------
Identification code AU000000CAS1
---- -------------------------------- ------------------------------
b) Nature of the transaction Issue of warrants to
subscribe for Ordinary
Shares of no par value
---- -------------------------------- ------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---- -------------------------------- -------------- --------------
GBP0.00 590,677
---------------------------------------------------- --------------
d) Aggregated information N/A (single transaction)
---- -------------------------------- ------------------------------
Aggregated volume
------------------------------------------------ -------------------
Price
------------------------------------------------ -------------------
e) Date of the transaction 30 May 2018
---- -------------------------------- ------------------------------
f) Place of the transaction Outside of a trading
venue
---- -------------------------------- ------------------------------
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END
RAGURAVRWAAVORR
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