Notice of Annual Meeting of Shareholders 2023

30 June 2023 | NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Shareholders (“AGM“) of Minco Exploration PLC (“Minco” or the “Company“) will be held at the registered office of the Company, 17 Pembroke Street Upper, Dublin 2, D02 AT22, Ireland on Friday, 18 August 2023 at 2:00 PM (GMT) for the following purposes:

 

Ordinary Business:

1. 1. To receive and consider the Company’s Financial Statements for the year ended 31 December 2022 and the reports of the Directors and Auditor thereon.
   2. To re-elect John Clifford as a Director, who retires by rotation in accordance with Regulation 95 of the Articles of Association and being eligible, offers himself for re-election in accordance with the Regulation 97.
   3. To re-elect Terence McKillen as a Director, who retires by rotation in accordance with Regulation 95 of the Articles of Association and being eligible, offers himself for re-election in accordance with the Regulation 97.
   4. To re-elect Peter McParland as a Director, who retires by rotation in accordance with Regulation 95 of the Articles of Association and being eligible, offers himself for re-election in accordance with the Regulation 97.
   5. To re-elect Danesh Varma as a Director, who retires by rotation in accordance with Regulation 95 of the Articles of Association and being eligible, offers himself for re-election in accordance with the Regulation 97.
   6. To re-appoint UHY Farrelly Dawe White Limited as the Auditor and to authorise the Directors to fix the remuneration of the Auditor for the year ending 31 December 2023.

Special Business:

Ordinary Resolution

1. 7. The Directors be and are hereby generally and unconditionally authorised pursuant to Section 1021 of the Companies Act 2014 (“2014 Act“), in substitution for all existing such authorities, to exercise all powers of the Company to allot relevant securities (within the meaning of Section 1021 of the 2014 Act) provided that such power shall be limited to the allotment of relevant securities up to a maximum aggregate nominal value equal to the nominal value of the authorised but unissued ordinary share capital of the Company from time to time. The authority hereby conferred shall expire on 18 August 2028, unless previously revoked, renewed or varied by the Company, save that the Company may before such expiry date make an offer or agreement which would or might require relevant securities to be allotted after such authority has expired and the Directors may allot relevant securities in pursuance of such offer or agreement as if the authority hereby conferred had not expired.

 Special Resolution

1. 8. Subject to the passing of Resolution 7 above that the Directors be and are hereby empowered pursuant to Section 1022 and Section 1023(3) of the Companies Act 2014 (“2014 Act”), in substitution for all existing such authorities, to allot equity securities (within the meaning of Section 1023 of the 2014 Act) for cash pursuant to the authority conferred by Resolution 7 above as if Section 1022(1) of the 2014 Act did not apply to any such allotment provided that this power shall be limited to the allotment of equity securities (including, without limitation, any shares purchased by the Company pursuant to the provisions of the 2014 Act and held as treasury shares) up to an amount equal to the aggregate nominal value of the authorised but unissued ordinary share capital of the Company from time to time. The authority hereby conferred shall expire 18 August 2028, save that the Company may before such expiry, make an offer or agreement which would or might require relevant securities to be allotted after such authority has expired and the Directors may allot relevant securities in pursuance of such offer or agreement notwithstanding that the power hereby conferred had not expired. The authority hereby conferred may be renewed, revoked or varied by special resolution of the Company.

More information including the formal Notice of Meeting and the Notes to the Notice of Annual General Meeting as well as the Form of Proxy may be found on the Company’s website or by clicking here.

 

ABOUT MINCO EXPLORATION PLC

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Minco Exploration PLC is focused on mineral exploration in Ireland, internationally renowned as a major zinc-lead mining country. Minco has interests in Prospecting Licences (PLs) strategically located in the foremost geologically prospective areas of Ireland. Minco Exploration has a uniquely experienced leadership team, which has extensive knowledge of the Irish mineral landscape.

Minco’s licences are held in areas considered prospective exploration areas for “Irish Type” carbonate hosted zinc-lead mineralization. These licences are operated by Minco or in joint venture with Boliden Tara Mines. Minco is participating (20%) in a joint venture with Boliden (80%) on Licence 1440R (Tatestown), which lies immediately adjacent to Boliden’s large 130 million tonnes Tara zinc-lead mine at Navan. Minco is also participating in a joint venture with Boliden on PL 3373 (Kells), contiguous to the west of PL 1440R, where Minco can earn up to a 75% interest; and in a joint venture with Boliden on ten PLs in County Galway (Slieve Dart) where Minco can earn up to a 50% interest. Minco also holds a 100% interest in two Licences at Moate, County Westmeath and another Licence covering the Milltown mineral prospect in County Clare.

Additional information about the Company is available at www.MincoExploration.com.

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Enquiries:

Minco Exploration PLC

John Kearney, Chairman +1 (416) 362 6686

Peter McParland, Chief Executive +353 (0) 4690 73709

 www.MincoExploration.com