DEVELOP GLOBAL LIMITED — Regulatory Filings 2021

Jun 8, 2021

ASX/Media Release

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9 June 2021

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ALL RESOLUTIONS PASSED WITH OVERWHELMING SUPPORT

VentureX Resources Ltd (“ VentureX ” or “the Company”) ( ASX: VXR ) is pleased to advise that all resolutions at the Company’s Extraordinary General Meeting, held in Perth today at 2pm (WST), were passed on a poll and without amendment.

The EGM was held to approve the terms of the Strategic Funding Package led by highly-regarded mining executive Bill Beament (refer ASX release 24[th] February 2021).

The recapitalisation is designed to reposition Venturex to become a rapidly growing supplier of newgeneration energy and technology metals.

In accordance with Listing Rule 3.13.2 and Section 251AA of the Corporations Act, details of the resolutions passed and proxies received are attached to this announcement.

All discretionary proxies appointing the Chairman were voted in favour of each resolution.

No other matters were put to the meeting.

Subsequently, the Company would like to welcome Michael Blakiston to the Board as Non-Executive Chairman today and looks forward to Bill Beament joining the Board as Executive Director on the 1[st] July 2021. Craig McGown steps down from the Board effective today and the Company would like to extend its appreciation to Mr McGown for his assistance in finalising this transaction.

The approval of the resolutions at today’s EGM marks the beginning of an exciting new era for Venturex, and the Directors would like to take this opportunity to thank all shareholders for their support of the Company to date and look forward to their continued involvement as it embarks on this next chapter of its growth and development.

Authorised by Anthony Reilly, Executive Director.

Investor Enquiries Anthony Reilly VentureX Resources Limited P: +61 8 6389 7400 E: admin@venturexresources.com

Media Enquiries

Nicholas Read Read Corporate P: +61 8 9388 1474 E: info@readcorporate.com.au

About VentureX Resources Limited

VentureX Resources Limited (ASX: VXR) is an exploration and development company with two advanced Copper-Zinc Projects near Port Hedland in the Pilbara region of Western Australia. The two projects are the 100% interest in Sulphur Springs Project which includes the Sulphur Springs Resource, Kangaroos Caves Resource plus 27km of prospective tenements on the Panorama trend and a 20% interest in the Joint Venture at the Whim Creek Project which includes the Whim Creek, Mons Cupri and Salt Creek Resources together with the Evelyn project and 18,100 ha of prospective tenements over the Whim Creek basin.

VentureX Resources Limited ABN: 28 122 180 205 Level 2, 91 Havelock Street, West Perth WA 6005 | PO Box 585, West Perth WA 6872 T: +61 8 6389 7400 | admin@venturexresources.com | www.venturexresources.com

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RESULT OF EXTRAORDINARY GENERAL MEETING (ASX REPORT)

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VENTUREX RESOURCES LIMITED

EXTRAORDINARY GENERAL MEETING

Wednesday, 9 June, 2021

As required by section 251AA(2) of the Corporations Act 2001 (Commonwealth) the following statistics are provided in respect of each resolution on the agenda.

Resolution Voted on at the meeting	Resolution Voted on at the meeting	Resolution Voted on at the meeting		Proxy Votes (as at proxy close)	Proxy Votes (as at proxy close)	Proxy Votes (as at proxy close)	Proxy Votes (as at proxy close)		Poll (Manner in which votes were cast in person or by proxy on a poll (where applicable) on a poll at the meeting	Poll (Manner in which votes were cast in person or by proxy on a poll (where applicable) on a poll at the meeting	Poll (Manner in which votes were cast in person or by proxy on a poll (where applicable) on a poll at the meeting
No	Short Description	Strike Y/N/NA		For	Against	Discretionary (open votes)	Abstain		For	Against	_Abstain _**		Result
01	ISSUE OF PLACEMENT SHARES TO THE ACQUIRERS AND THE INCREASE OF VOTING POWER UP TO 27.06%	NA		182,340,890 99.26%	207,017 0.11%	1,156,306 0.63%	2,559,962		188,567,770 99.89%	207,017 0.11%	2,559,962		Carried
02	ISSUE OF SUBSCRIPTION SHARES AND SUBSCRIPTION OPTIONS TO BILL BEAMENT ON THE TERMS OF THE PLACEMENT AGREEMENT	NA		184,764,270 99.23%	296,065 0.16%	1,141,506 0.61%	62,334		190,976,350 99.85%	296,065 0.15%	62,334		Carried
03	ISSUE OF CONSULTANT OPTIONS TO BILL BEAMENT UNDER THE CONSULTANCY AGREEMENT	NA		184,586,850 99.13%	473,485 0.25%	1,141,506 0.61%	62,334		190,798,930 99.75%	473,485 0.25%	62,334		Carried
04	ISSUE OF SHARES TO BILL BEAMENT ON CONVERSION OF CONSULTANT OPTIONS AND SUBSCRIPTION OPTIONS AND INCREASE OF MR BEAMENT AND HIS ASSOCIATES' VOTING POWER IN THE COMPANY TO UP TO 38.87%	NA		184,177,088 99.05%	631,595 0.34%	1,130,381 0.61%	325,111		190,378,043 99.67%	631,595 0.33%	325,111		Carried
05	ISSUE OF INVESTOR SHARES AND INVESTOR OPTIONS TO SOPHISTICATED AND PROFESSIONAL INVESTORS PARTICIPATING IN THE PLACEMENT	NA		94,743,935 97.59%	137,433 0.14%	2,199,450 2.27%	125,111		102,013,959 99.87%	137,433 0.13%	125,111		Carried
06	ELECTION OF MICK MCMULLEN AS DIRECTOR	NA		201,699,707 98.85%	245,497 0.12%	2,109,871 1.03%	305,560		209,112,879 99.88%	245,497 0.12%	305,560		Carried
07	ISSUE OF DIRECTOR OPTIONS TO MICK MCMULLEN	NA		183,705,352 98.79%	1,231,950 0.66%	1,012,569 0.54%	314,304		189,788,495 99.36%	1,231,950 0.64%	314,304		Carried
08	ISSUE OF MCMULLEN SHARES AND MCMULLEN OPTIONS TO MICK MCMULLEN	NA		184,255,381 99.12%	619,144 0.33%	1,012,569 0.54%	377,081		190,338,524 99.68%	619,144 0.32%	377,081		Carried
09	ELECTION OF MICHAEL BLAKISTON AS DIRECTOR	NA		198,413,744 97.15%	2,542,916 1.25%	3,271,638 1.60%	132,337		206,988,683 98.79%	2,542,916 1.21%	132,337		Carried
10	ISSUE OF DIRECTOR OPTIONS TO MICHAEL BLAKISTON	NA		180,394,061 96.94%	3,459,100 1.86%	2,235,903 1.20%	175,111		187,700,538 98.19%	3,459,100 1.81%	175,111		Carried
** - Note that votes relating to a person who abstains on an item are not counted in determining whether or not the required majority of votes were cast for or against that item

** - Note that votes relating to a person who abstains on an item are not counted in determining whether or not the required majority of votes were cast for or against that item

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Printed: 9/06/2021 2:17:40PM

This report was produced from the Link Market Services Meeting System