Valor Resources : Amended Constitution
VAL.AX
For personal use only
ASX Announcement
12 January 2022
ASX:VAL
AMENDED CONSTITUTION
In accordance with ASX Listing Rule 15.4.2, a copy of Valor Resources Limited's amended Constitution, as approved by Shareholders at today's Annual General Meeting is attached.
This announcement has been authorised for release by the Company Secretary.
For further information, please contact:
Mr George Bauk
Email: [email protected]
Executive Chairman
Phone: + 61 408 931 746
ASX: VAL
ABOUT VALOR RESOURCES
Valor Resources Limited is an exploration company focussed on creating shareholder value through acquisitions and exploration activities. The Company is focussed on two key projects in Peru and Canada, as outlined below.
In Peru, Valor's 100% owned Peruvian subsidiary, Kiwanda SAC holds the rights to the Picha and Berenguela South Projects located in the Moquegua Department of Peru, 17km ENE of the Chucapaca (San Gabriel - Buenaventura) gold deposit. They are two copper-silver exploration projects comprising ten granted mining concessions for a total of 6,031 hectares.
In Canada, Valor is the 100% owner of the following interests:
Ends - - - - - - - - -
Valor Resources Limited
ACN 076 390 451
Tel: +61 8 9200 3467
22 Lindsay Street, Perth WA 6000
Web: valorresources .com. au
For personal use only
For personal use only
C O N T E N T S
1.
INTERPRETATION............................................................................................................................
1
1.1
Definitions ......................................................................................................................
1
1.2
Interpretation ................................................................................................................
4
1.3
Corporations Act Definitions .......................................................................................
4
1.4
Status of Constitution ...................................................................................................
4
1.5
General Authorisation..................................................................................................
5
1.6
Displacement of Replaceable Rules .........................................................................
5
1.7
Enforceability ................................................................................................................
5
1.8
Jurisdiction.....................................................................................................................
5
2.
SHARE CAPITAL AND VARIATION OF RIGHTS .............................................................................
5
2.1
Rights Attaching to Shares ..........................................................................................
5
2.2
Issue of Shares ...............................................................................................................
5
2.3
Share Options ...............................................................................................................
5
2.4
Variation of class rights ................................................................................................
6
2.5
Effect of share issue on class rights.............................................................................
6
2.6
Preference Shares ........................................................................................................
6
2.7
Recognition of Trusts ....................................................................................................
6
2.8
Unregistered Interests...................................................................................................
6
2.9
Share Certificates and Share Option Certificates ....................................................
6
2.10
Section 1071H of the Corporations Act .....................................................................
7
2.11
Commissions..................................................................................................................
7
2.12
Restricted Securities .....................................................................................................
7
2.13
Non-Issue or Cancellation of Certificate ...................................................................
8
2.14
No Prohibition on Foreign Ownership ........................................................................
8
2.15
Payment of Interest out of Capital.............................................................................
8
3.
MINIMUM SHAREHOLDING ..........................................................................................................
8
3.1
Effect of this Clause......................................................................................................
8
3.2
Definitions ......................................................................................................................
8
3.3
Minimum Shareholding ................................................................................................
9
3.4
Sale of Listed Securities of Minority Member .............................................................
9
3.5
Acceptance of Offer ...................................................................................................
9
3.6
Appointment of Attorney ..........................................................................................
10
3.7
Transfer.........................................................................................................................
10
3.8
Proceeds of Sale.........................................................................................................
10
3.9
Receipt of Proceeds ..................................................................................................
10
3.10
Registration of Purchaser...........................................................................................
10
3.11
Remedies Limited .......................................................................................................
11
3.12
Cost of Sale of Listed Securities.................................................................................
11
3.13
Exemption from clause 3 ...........................................................................................
11
3.14
Notice to Exempt........................................................................................................
11
3.15
Takeover Offer or Announcement ...........................................................................
11
3.16
Use by Company of Clause 3 ...................................................................................
11
3.17
Notice to New Minority Members.............................................................................
12
4.
UNCERTIFICATED HOLDINGS AND ELECTRONIC TRANSFERS...................................................
12
4.1
Electronic or Computerised Holding........................................................................
12
4.2
Statement of Holdings ...............................................................................................
12
4.3
Share Certificates .......................................................................................................
12
4.4
Listing Rules..................................................................................................................
12
5.
LIEN
..............................................................................................................................................
12
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5.1
Lien for Members Debts .............................................................................................
12
5.2
Generally .....................................................................................................................
13
5.3
Exemption....................................................................................................................
14
5.4
Dividends .....................................................................................................................
14
5.5
Sale of Shares..............................................................................................................
14
5.6
Restrictions on Sale.....................................................................................................
14
5.7
Person Authorised to Sign Transfers ..........................................................................
15
5.8
Proceeds of Sale.........................................................................................................
15
5.9
Protection of Lien under ASX Settlement Operating Rules ...................................
15
5.10
Further Powers re Forfeited Shares and Liens ..........................................................
15
6.
CALLS ON SHARES ......................................................................................................................
15
6.1
Calls..............................................................................................................................
15
6.2
Payment of Calls ........................................................................................................
15
6.3
Quoted Shares ............................................................................................................
16
6.4
Unquoted Shares ........................................................................................................
16
6.5
Joint Liability ................................................................................................................
16
6.6
Deemed Calls .............................................................................................................
16
6.7
Differentiation between Shareholders.....................................................................
16
6.8
Payments in Advance of Calls..................................................................................
16
6.9
Outstanding Moneys..................................................................................................
17
6.10
Revocation/Postponement or Extension.................................................................
17
6.11
Compliance with Listing Rules and Corporations Act ...........................................
17
6.12
Waive ...........................................................................................................................
17
7.
FORFEITURE OF SHARES ..............................................................................................................
17
7.1
Failure to Pay Call.......................................................................................................
17
7.2
Forfeiture......................................................................................................................
17
7.3
Sale of Forfeited Shares .............................................................................................
18
7.4
Continuing Liability .....................................................................................................
18
7.5
Officer's Statement Prima Facie Evidence .............................................................
18
7.6
Procedures ..................................................................................................................
18
7.7
Listing Rules and ASX Settlement Operating Rules .................................................
18
7.8
Waive ...........................................................................................................................
18
8.
TRANSFER OF SHARES .................................................................................................................
19
8.1
Form of Transfer...........................................................................................................
19
8.2
CHESS Transfers ...........................................................................................................
19
8.3
Participation in CHESS ................................................................................................
19
8.4
Registration Procedure ..............................................................................................
19
8.5
Power to Refuse to Register ......................................................................................
20
8.6
Closure of Register......................................................................................................
20
8.7
Retention of Transfers by Company.........................................................................
20
8.8
Power to suspend registration of transfers...............................................................
20
8.9
Powers of Attorney .....................................................................................................
20
8.10
Other Securities...........................................................................................................
20
8.11
Branch Register...........................................................................................................
20
8.12
Compliance with ASX Settlement Operating Rules ...............................................
21
8.13
Issuer Sponsored Subregister .....................................................................................
21
8.14
Transferor Holds Shares until Registration of Transfer ..............................................
21
8.15
Waive ...........................................................................................................................
21
9.
TRANSMISSION OF SHARES ........................................................................................................
21
9.1
Death of Shareholder Leaving a Will .......................................................................
21
9.2 Death or Bankruptcy of Shareholder or the Shareholder becomes of unsound
mind .............................................................................................................................
21
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9.3
Registration by Transmission or to Beneficiary.........................................................
22
9.4
Limitations to Apply ....................................................................................................
22
9.5
Death of a Joint Holder .............................................................................................
22
9.6
Joint Personal Representatives .................................................................................
22
9.7
ASX Settlement Transfer .............................................................................................
22
9.8
Joint Holders ................................................................................................................
22
10.
CHANGES TO CAPITAL STRUCTURE ...........................................................................................
23
10.1
Alterations to Capital .................................................................................................
23
10.2
Reduction of Capital .................................................................................................
23
10.3
Buy-Backs ....................................................................................................................
23
10.4
Fractions ......................................................................................................................
24
11.
WRITTEN RESOLUTIONS ...............................................................................................................
24
12.
GENERAL MEETINGS ...................................................................................................................
24
12.1
Convening of General Meetings of Shareholders by Directors' Resolution........
24
12.2
Change of place or postponement of a General Meeting of Shareholders .....
24
12.3
Convening of General Meetings of Shareholders by a Director or requisition ...
24
12.4
Cancellation of a General Meeting of Shareholders ............................................
25
12.5
Notice ..........................................................................................................................
25
12.6
Irregularities in giving notice......................................................................................
25
12.7
Business at General Meeting ....................................................................................
26
12.8
Notice to Home Branch.............................................................................................
26
12.9
Annual General Meeting ..........................................................................................
26
13.
PROCEEDINGS AT GENERAL MEETINGS ....................................................................................
26
13.1
Quorum........................................................................................................................
26
13.2
Persons Entitled to Attend a General Meeting .......................................................
26
13.3
Refusal of Admission to Meetings .............................................................................
27
13.4
Insufficient room .........................................................................................................
27
13.5
Chairman ....................................................................................................................
27
13.6
Vacating Chair ...........................................................................................................
27
13.7
Disputes Concerning Procedure ..............................................................................
28
13.8
General Conduct .......................................................................................................
28
13.9
Adjournment ...............................................................................................................
28
13.10
Notice of Resumption of Adjourned Meeting ........................................................
28
13.11
How resolutions are decided ....................................................................................
28
13.12
Casting Vote ...............................................................................................................
28
13.13
Voting Rights ...............................................................................................................
28
13.14
Voting - Show of Hands .............................................................................................
29
13.15
Results of Voting .........................................................................................................
29
13.16
Poll ................................................................................................................................
29
13.17
Manner of Taking Poll.................................................................................................
29
13.18
Meeting May Continue .............................................................................................
29
13.19
Voting by Joint Holders ..............................................................................................
29
13.20
Shareholder under Disability .....................................................................................
30
13.21
Payment of Calls ........................................................................................................
30
13.22
Objection to Voting ...................................................................................................
30
13.23
Restrictions on voting .................................................................................................
30
13.24
Proxies ..........................................................................................................................
30
13.25
Electronic Appointment of Proxy..............................................................................
31
13.26
Name of proxy ............................................................................................................
31
13.27
Incomplete proxy appointment ...............................................................................
31
13.28
No right to speak or vote if appointing Shareholder present ...............................
32
13.29
Rights where 2 proxies or attorneys are appointed ...............................................
32
2285598_1_Proposed Constitution VAL 2021 FINAL Approved 12 January 2022
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Valor Resources Ltd. published this content on 12 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 January 2022 08:55:10 UTC.