Announcement PDF ADAVALE  RESOURCES  LIMITED   ACN  008  719  015 NOTICE  OF  GENERAL  MEETING Notice   is   hereby   given   that   the   General   Meeting   of   shareholders   of   Adavale   Resources   Limited   (the   Company) th will   be   held   at   Company’s   Indonesian   office   at   8   Floor,   The   CEO   Building,   Jl.   TB   Simatupang   18C,   Cilandak, Jakarta  12430  Indonesia,  on  Thursday  18  June  2015  at  10.00am  (Jakarta  Time)  (Meeting). The   Explanatory   Notes   to   this   Notice   provides   additional   information   on   matters   to   be   considered   at   the General  Meeting.  The  Explanatory  Notes  and  the  Proxy  Form  forms  part  of  this  notice. BUSINESS  OF  THE  MEETING _________________________________________________________________________ Item  1:  Ratification  of  Issue  of  Shares To  consider  and,  if  thought  fit,  pass  the  following  resolution  as  a  special  resolution  of  the  Company: "That,  for  the  purposes  of  Listing  Rule  7.4  and  for  all  other  purposes,  the  shareholders  approve  and  ratify  the prior   allotment   and   issue   of   2,375,477   shares   as   outlined   in   the   Explanatory   Notes   accompanying   the   Notice convening  this  meeting." Note:  A  voting  exclusion  statement  applies  to  this  resolution  (see  Explanatory  Notes  for  details).   ENTITLEMENT  TO  VOTE _________________________________________________________________________ The  Directors  have  determined  pursuant  to  regulation  7.11.37  of  the  Corporations  Regulations  2001  (Cth)  that the  persons  eligible  to  vote  at  the  Meeting  are  those  who  are  registered  shareholders  of  the  Company  as  at 7.00pm  (AEST)  on  16  June  2015  (Entitlement  Time),  subject  to  any  applicable  voting  exclusion. This  means  that  if  you  are  not  the  registered  holder  of  a  share  in  the  Company  at  the  Entitlement  Time,  you will  not  be  entitled  to  vote  at  the  Meeting. VOTING  OPTIONS  AND  PROXIES _________________________________________________________________________ If   you   do   not   plan   to   attend   the   meeting   in   person,   you   are   encouraged   to   complete   and   return   the   Proxy Form,  which  accompanies  this  Notice  of  General  Meeting. Voting  by  Proxy A   shareholder   who   is   entitled   to   attend   and   vote   at   this   Meeting   is   entitled   to   appoint   not   more   than   two proxies  to  attend  and  vote  in  place  of  the  shareholder.   If  the  shareholder  appoints  two  proxies,  the  shareholder  may  specify  the  proportion  or  number  of  votes  each proxy  is  entitled  to  exercise.  If  no  proportion  or  number  of  votes  is  specified,  each  proxy  may  exercise  half  of the  shareholder’s  votes.  If  the  specified  proportion  or  number  of  votes  exceeds  that  which  the  shareholder  is entitled  to,  each  proxy  may  exercise  half  of  the  shareholder’s  votes.  Any  fractions  of  votes  brought  about  by the  apportionment  of  votes  to  a  proxy  will  be  disregarded. A  proxy  need  not  be  a  shareholder  of  the  Company.    A  body  corporate  appointed  as  a  shareholder’s  proxy  may appoint   a   representative   to   exercise   any   of   the   powers   the   body   may   exercise   as   a   proxy   at   the  Meeting.     The representative   should   bring   to   the  Meeting   evidence   of   his   or   her   appointment,   including   any   authority   under which  the  appointment  is  signed,  unless  it  has  previously  been  given  to  the  Company. Subject  to  the  specific  proxy  provisions  applying  to  Item  2  (see  the  Explanatory  Notes  below): -­‐ If   a   shareholder   has   not   directed   their   proxy   how   to   vote,   the   proxy   may   vote   as   the   proxy determines,  and -­‐ If  a  shareholder  appoints  the  Chair  of  the  Meeting  as  proxy  and  does  not  direct  the  Chair  how  to  vote on   an   item   of   business,   the   Chair   will   vote   in   accordance   with   his   voting   intention   as   stated   in   this Notice   of   Meeting,   namely   in   favour   of   each   of   the   proposed   resolutions   set   out   in   the   Notice   of Meeting. Proxy  Voting  by  the  Chair The  Chair  intends  to  vote  all  undirected  proxies  in  favour  of  the  resolutions  put  in  the  Notice  of  Meeting. Proxy  Forms To   be   effective,   the   Proxy   Form   must   be   completed,   signed   and   lodged   (together   with   the   relevant   original power   of   attorney   or   a   certified   copy   if   the   proxy   is   signed   by   an   attorney)   with   the   Company   at   its   share registry,  as  an  original  or  by  facsimile,  no  later  than  10.00am  (Jakarta  Time)  (1.00pm  AEST)  on  16  June  2015 (Proxy  Deadline). Proxy  forms  may  be  submitted  in  one  of  the  following  ways: (i) By   mail   to   Computershare   Investor   Services   Pty   Limited   (Computershare)   using   the   reply   paid envelope   or   GPO   Box   242,   Melbourne   Vic   3001.     Please   allow   sufficient   time   so   that   it   reaches Computershare  by  the  Proxy  Deadline; (ii) (iii) By   fax   to   Computershare   on   1800   783   447   (inside   Australia)   or   +61   3   9473   2555   (outside Australia); Online   via   the   Company’s   Share   Registry   website   at   www.investorvote.com.au.   Please   refer   to the  Proxy  Form  for  more  information;  or (iv) By  hand  delivery  to  Computershare  at  Level  4,  60  Carrington  Street,  Sydney  NSW  2000. Proxy  Forms  and  Powers  of  Attorney  must  be  received  by  the  Proxy  Deadline. CORPORATE  REPRESENTATIVES _________________________________________________________________________ Where   a   shareholding   is   registered   in   the   name   of   a   corporation,   the   corporate   shareholder   may   appoint   a person  to  act  as  its  representative  to  attend  the  meeting  by  providing  that  person  with: (i) A   letter   or   certificate   authorising   him   or   her   as   the   corporation’s   representative,   executed   in accordance  with  the  corporation’s  constitution;  or (ii) A  copy  of  the  resolution  appointing  the  representative,  certified  by  a  secretary  or  director  of  the corporation. BY  ORDER  OF  THE  BOARD Leanne  Ralph Company  Secretary 18  May  2015 Explanatory  Notes ITEM  1:    RATIFICATION  OF  ISSUE  OF  SHARES Background On   15   January   2015,   the   Company   announced   it   had   entered   into   Standby   Subscription   Agreement   with   Gurney   Capital Nominees  Pty  Ltd  (Gurney  Capital)  for  a  $1,000,000  facility  to  provide  working  capital  to  the  Company  (Facility).   The  key  terms  of  the  Facility  were  as  follows: -­‐ -­‐ -­‐ -­‐ Facility  limit:    $1,000,000 Period  of  facility:    5  years Drawing:  Each  drawdown  will  result  in  an  issue  of  fully  paid  ordinary  shares  to  Gurney  Capital. Issue  price  for  shares:    80%  of  5-­‐day  VWAP  prior  to  each  drawdown. The  following  drawdowns  and  subsequent  issue  of  shares  have  been  made  under  the  Facility: Date  of  Drawdown and  Issue Issue  Price Shares  Issues Total  Drawdown Amount ASX  Listing  Rule  that applied  to  the  issue of  these  shares 27  January  2015 $0.0197 1,585,025 $31,225.00 1,585,025  -­‐  7.1 2  March  2015 $0.0184 1,630,435 $30,000.00 30  April  2015 $0.0136 745,000 $10,132.00 3,960,460 $71,357.00 Total 1,584,983  –  7.1A 45,452  –  7.1 745,000  -­‐  7.1 2,375,477  –  7.1 1,584,983  –  7.1A Reasons  for  resolutions The   Facility   is   beneficial   to   the   Company,   as   the   proceeds   from   the   issue   of   the   Shares   will   provide   the   Company   with working  capital  to  support  the  ongoing  operations  of  the  Company. Listing  Rule  7.1  restricts  the  number  of  Equity  Securities  which  a  listed  company  may  issue  in  any  12  month  period,  without the   approval   of   shareholders,   to   15%   of   the   number   of   shares   on   issue   at   the   start   of   the   period,   subject   to   certain adjustments  and  permitted  exceptions.     Listing   Rule   7.4   provides   that   an  issue   of   securities   is   deemed   to   have   been   made   with   shareholder   approval   if   Listing   Rule 7.1  is  not  breached  at  the  time  the  securities  were  issued  and  shareholders  subsequently  approve  the  issue.      The  Company is  seeking  approval  under  Listing  Rule  7.4  for  the  issue  of  2,375,477  Shares  pursuant  to  the  Facility,  as  outlined  in  the  above table.    If  shareholders  ratify  the  prior  issue  of  these  Shares  pursuant  to  Resolution  1,  the  Company  will  have  the  flexibility to   issue   further   Equity   Securities   up   to   the   15%   limit   over   the   next   12-­‐month   period   because   these   Shares   will   not   be counted  for  the  purposes  of  the  15%  limit  set  out  in  Listing  Rule  7.1. Approval   for   the   issue   of   up   to   10%   of   the   Company’s   issued   capital   under   Listing   Rule   7.1A   was   granted   at   the   Company’s Annual  General  Meeting  held  on  25  November  2014.    This  can  only  be  used  once  in  any  12-­‐month  period.    The  Company has  issued  1,584,983  Shares  pursuant  to  Listing  Rule  7.1A  as  part  of  the  drawdowns  under  the  Facility. Shares  under  Resolution  1 The  following  information  is  provided  to  Shareholders  to  allow  them  to  assess  Resolution  1,  including  for  the  purposes  of Listing  Rule  7.5: (a) Number  of  securities  issued:  2,375,477  shares. (b) Issue  price:  Various  (see  table  above). (c) Terms  of  the  Securities:  The  Shares  allotted  and  issued  rank  equally  with  the  existing  Shares  on  issue. (d) Allottees:    the  Shares  were  allotted  and  issued  to  Gurney  Capital. (e) Intended  use  of  funds  raised:    The  funds  raised  from  the  issue  of  the  Shares  will  be  used  for  working  capital  to support  the  ongoing  operations  of  the  Company.   Voting  Exclusion  Statement The  Company  will  disregard  any  votes  cast  on  Resolution  1  by  Gurney  Capital,  and  any  of  their  associates.    However,  the Company   will   not   disregard   a   vote   if   it   is   cast   by   a   person   who   is   entitled   to   vote,   in   accordance   with   the   directions   on   the Proxy  Form,  or  it  is  cast  by  the  person  chairing  the  meeting  as  proxy  for  a  person  who  is  entitled  to  vote,  in  accordance with  a  direction  on  the  Proxy  Form  to  vote  as  the  proxy  decides. Directors’  Recommendation The  Directors  unanimously  recommend  that  you  vote  in  favour  of  the  resolution. Chairman’s  Voting  Intention The  Chairman  of  the  Meeting  intends  to  vote  in  favour  of  this  resolution. GLOSSARY $  means  Australian  Dollars Annual  General  Meeting  or  Meeting  means  the  meeting  convened  by  the  Notice AEST  means  Australian  Eastern  Standard  Time  as  observed  in  Sydney,  Australia. ASX  means  ASX  Limited ASX  Listing  Rules  means  the  Listing  Rules  of  the  ASX. Board  means  the  current  board  of  directors  of  the  Company. Closely  Related  Party  has  the  meaning  as  defined  in  section  9  of  the  Corporations  Act. Company  means  Adavale  Resources  Limited  (ACN  000  969  362)   Constitution  means  the  Company’s  Constitution. Corporations  Act  means  the  Corporations  Act  2001  (Cth). Directors  means  the  current  directors  of  the  Company. Eligible  Entity  means  an  entity  that  at  the  date  of  the  relevant  General  Meeting: (a) Is  not  included  in  the  A&P/ASX  300  Index;  and (b) Has  a  market  capitalisation  (excluding  restricted  securities  and  securities  quoted  on  a  deferred  settlement  basis)  of $300,000,000. Equity   Securities   includes   a   Share,   a   right   to   a   Share   or   Option,   an   Option,   a   convertible   security   and   any   security   that   ASX decides  to  classify  as  an  Equity  Security. Explanatory  Notes  means  the  Explanatory  Notes  accompanying  the  Notice. Notice   or   Notice   of   Meeting   or   Notice   of   General   Meaning   means   this   notice   of   general   meaning   and   the   explanatory notes  accompanying  the  Notice  and  the  Proxy  Form. Proxy  Form  means  the  proxy  form  accompanying  the  Notice. Resolutions  means  the  resolutions  set  out  in  the  Notice,  or  any  one  of  them,  as  the  context  requires. Share  means  a  fully  paid  ordinary  share  in  the  capital  of  the  Company. Shareholder  means  a  holder  of  a  Share. Adavale Resources Limited Lodge your vote: ABN 96 008 719 015  Online: www.investorvote.com.au  By Mail: Computershare Investor Services Pty Limited GPO Box 242 Melbourne Victoria 3001 Australia *L000001* T 000001 000 ADD Alternatively you can fax your form to (within Australia) 1800 783 447 (outside Australia) +61 3 9473 2555 MR SAM SAMPLE FLAT 123 123 SAMPLE STREET THE SAMPLE HILL SAMPLE ESTATE SAMPLEVILLE VIC 3030 For Intermediary Online subscribers only (custodians) www.intermediaryonline.com For all enquiries call: (within Australia) 1300 850 505 (outside Australia) +61 3 9415 4000 Proxy Form  Vote online • Go to www.investorvote.com.au or scan the QR Code with your mobile device. • Follow the instructions on the secure website to vote. Your access information that you will need to vote: Control Number: 999999 SRN/HIN: I9999999999 PIN: 99999 PLEASE NOTE: For security reasons it is important that you keep your SRN/HIN confidential.  For your vote to be effective it must be received by 10:00 am (Jakarta Time) Tuesday 16 June 2015 How to Vote on Items of Business Signing Instructions for Postal Forms All your securities will be voted in accordance with your directions. Individual: Where the holding is in one name, the securityholder must sign. Joint Holding: Where the holding is in more than one name, all of the securityholders should sign. Power of Attorney: If you have not already lodged the Power of Attorney with the registry, please attach a certified photocopy of the Power of Attorney to this form when you return it. Companies: Where the company has a Sole Director who is also the Sole Company Secretary, this form must be signed by that person. If the company (pursuant to section 204A of the Corporations Act 2001) does not have a Company Secretary, a Sole Director can also sign alone. Otherwise this form must be signed by a Director jointly with either another Director or a Company Secretary. Please sign in the appropriate place to indicate the office held. Delete titles as applicable. Appointment of Proxy Voting 100% of your holding: Direct your proxy how to vote by marking one of the boxes opposite each item of business. If you do not mark a box your proxy may vote or abstain as they choose (to the extent permitted by law). If you mark more than one box on an item your vote will be invalid on that item. Voting a portion of your holding: Indicate a portion of your voting rights by inserting the percentage or number of securities you wish to vote in the For, Against or Abstain box or boxes. The sum of the votes cast must not exceed your voting entitlement or 100%. Appointing a second proxy: You are entitled to appoint up to two proxies to attend the meeting and vote on a poll. If you appoint two proxies you must specify the percentage of votes or number of securities for each proxy, otherwise each proxy may exercise half of the votes. When appointing a second proxy write both names and the percentage of votes or number of securities for each in Step 1 overleaf. A proxy need not be a securityholder of the Company. Attending the Meeting Bring this form to assist registration. If a representative of a corporate securityholder or proxy is to attend the meeting you will need to provide the appropriate “Certificate of Appointment of Corporate Representative” prior to admission. A form of the certificate may be obtained from Computershare or online at www.investorcentre.com under the help tab, "Printable Forms". Comments & Questions: If you have any comments or questions for the company, please write them on a separate sheet of paper and return with this form. GO ONLINE TO VOTE, or turn over to complete the form  Samples/000001/000001 MR SAM SAMPLE FLAT 123 123 SAMPLE STREET THE SAMPLE HILL SAMPLE ESTATE SAMPLEVILLE VIC 3030 Proxy Form STEP 1  Change of address. If incorrect, mark this box and make the correction in the space to the left. Securityholders sponsored by a broker (reference number commences with ’X’) should advise your broker of any changes. I 9999999999 Please mark I ND to indicate your directions Appoint a Proxy to Vote on Your Behalf XX I/We being a member/s of Adavale Resources Limited hereby appoint  PLEASE NOTE: Leave this box blank if the Chairman OR of the Meeting you have selected the Chairman of the Meeting. Do not insert your own name(s). or failing the individual or body corporate named, or if no individual or body corporate is named, the Chairman of the Meeting, as my/our proxy to act generally at the meeting on my/our behalf and to vote in accordance with the following directions (or if no directions have been given, and to the extent permitted by law, as the proxy sees fit) at the General Meeting of Adavale Resources Limited to be held at the Company’s Indonesian office at 8th Floor, The CEO Building, Jl. TB Simatupang 18C, Cilandak, Jakarta 12430 Indonesia on Thursday 18 June 2015 at 10.00am (Jakarta Time) and at any adjournment or postponement of that meeting. STEP 2 Items of Business PLEASE NOTE: If you mark the Abstain box for an item, you are directing your proxy not to vote on your behalf on a show of hands or a poll and your votes will not be counted in computing the required majority. of Issue of Shares The Chairman of the Meeting intends to vote undirected proxies in favour of each item of business. In exceptional circumstances, the Chairman of the Meeting may change his/her voting intention on any resolution, in which case an ASX announcement will be made. SIGN Signature of Securityholder(s) This section must be completed. Individual or Securityholder 1 Securityholder 2 Securityholder 3 Sole Director and Sole Company Secretary Director Director/Company Secretary Contact Daytime Telephone Contact Name ADD 999999A Date / /