GREENWING RESOURCES LTD — AGM Information 2015

Oct 25, 2015

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26 October 2015

The Manager Company Announcements Australian Securities Exchange Limited

Dear Sir / Madam

Amendment to Notice of Annual General Meeting Resolution and Explanatory Statement

Bass Metals Limited (“Bass” or the “Company”) wish to advise of the following amendment to the Company’s Notice of Annual General Meeting (“AGM”) which was published earlier today.

Amendment to Resolution 5

The company seeks to amend Resolution 5 (Ratification of Prior Issue of Shares) to reflect the fact only 29,923,077 shares (not 37,615,385 shares) shall be issued. The amended Resolution 5 should read –

“That, for the purpose of Listing Rule 7.4, and for all other purposes, Shareholders approve and ratify the issue and allotment of 29,923,077 Shares to sophisticated investors on or before 30 October 2015, for the purposes and on the terms set out in the Explanatory Statement accompanying this Notice of Annual General Meeting.”

Amendment to Explanatory Statement – Resolution 5

As a result of the above amendment, the Explanatory Statement should be read as follows –

Any reference in this section to the amount of 37,615,385 shares should be replaced with 29,923,077 shares.

Furthermore, the reference in this section to “9.1%” of the Company’s current issued shares should be replaced with “7.4%” of the Company’s current issued shares.

Amendment to Explanatory Statement - Resolution 6

Whilst there is no proposed amendment to the wording of Resolution 6, the reduced number of share to be issued does change the calculations outlined in this Explanatory Statements as follows -

Level 5, 10 Market Street, Brisbane, QLD, 4000 GPO Box 2676, Brisbane, QLD, 4001 Telephone (07) 3221 0783 www.bassmetals.com.au

1. All references to the Company’s total of Equity Securities being on issue at the date of the AGM of 413,720,489 shares should be amended to now read 406,028,181 shares.

2. The reference at Clause 7.2 (d) (ii) to 41,372,049 shares should be amended to now read 40,602,818 shares

3. The reference at Clause 7.2 (d) (ii) to 62,058,073 shares should be amended to now read 60,904,227 shares

4. The table at Clause 7.4 (b) should be replaced with the following table –

			Dilution
Variable ‘A’ in Listing		$0.0065	$0.013	$0.0195
Rule 7.1A2		50% decrease in Issue	Issue Price	50% increase in Issue
		Price		Price
	10%	40,602,818 Shares	40,602,818 Shares	40,602,818 Shares
Current Variable A	VotingDilution
406,028,181 Shares	Funds	$263,918	$527,836	$791,754
	Raised
	10%	60,904,227 Shares	60,904,227 Shares	60,904,227 Shares
50% increase in current	Voting
Variable A	Dilution
609,042,271 Shares	Funds	$395,877	$791,755	$1,187,632
	Raised
	10%	81,205,636 Shares	81,205,636 Shares	81,205,636 Shares
100% increase in current	Voting
Variable A	Dilution
812,056,362 Shares	Funds	$527,837	$1,055,673	$1,583,510
	Raised

Amendment to Previous Issues of Equity Securities in the preceding 12 months

Within the Explanatory Statement relating to the previous issues of Equity Securities made in the 12 months preceding the Meeting, the reference to 37,615,385 should be replaced with 29,923,077 and the reference to total cash consideration of $489,000 should be replaced with $389,000.

Should you have any questions in relation to the above, kindly contact the writer.

Yours faithfully

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David Round Company Secretary

-end-

Contacts and information:

Stratmin Global Resources Plc -www.stratminglobal.comBass Metals Ltd –www.bassmetals.com.au	Stratmin Global Resources Plc -www.stratminglobal.comBass Metals Ltd –www.bassmetals.com.au
Rick AnthonChairman: Bass Metals Ltd	info@bassmetals.com.au
Barbara PeselMedia & Investor Relations	03 9036 6900barbara.pesel@peselandcarr.com.au
David RoundCompany Secretary	0411 160 445david@averio.com.au