Results of Extraordinary General Meeting

Under Listing Rule 3.13.2 and section 251AA(2) of the Corporations Act, the Company advises the following in respect of the Extraordinary General Meeting today.
Lawyers on behalf of HQ Mining are reviewing the proxy vote counts (upon their undertaking not to disclose the votes of particular shareholders to HQ Mining or any other party). The following figures are subject to that review.
The proxy votes cast in respect of motion 1 are as follows.

graph1

By a majority of 17 for the motion to 2 against, the shareholders present and voting raised their hands in favour of motion 1. HQ Mining Resources Holding Pty Ltd, being the holder of more than 5% of the Company’s shares, exercised its rights to demand a poll. Motion 1 was passed on the poll. The results of the poll are as follows.

graph2

Motion 1 having been passed, motion 2 was thus not put to the meeting. The proxy votes cast in respect of motion 2 are set out below.

graph3

Heron Resources Limited has deposited into the trust account of Golden Cross’ lawyers the sum of $1,879,853, being the subscription moneys for 375,970,579 ordinary shares in Golden Cross Resources Limited in accordance with the Heron Proposal. The funds were and are to be released to Golden Cross upon the passing of motion 1 above and notification from Mr Steve Gemell that the Golden Cross Board had resolved to issue those 375,970,579 ordinary shares to Heron.
Thus Ian Buchhorn is elected a director of Golden Cross with effect from the extraordinary general meeting.
The Golden Cross board will meet at 11am tomorrow, Friday 28 February 2014. Mr Buchhorn will not be present for the discussion or vote on the allotment of shares to Heron.

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