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IRON BEAR RESOURCES LTD — Board/Management Information 2023
Nov 26, 2023
65091_rns_2023-11-26_a834d227-23be-4638-ad33-867a9eb94e6f.pdf
Board/Management Information
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ASX Announcement
27 November 2023
Board Changes and Withdrawal of AGM Resolutions
Board Changes
Cyclone Metals Limited (ASX: CLE ) ( Cyclone or the Company ) advises that Mr Will Scott has resigned from his position as Non-Executive Director with effect from 23 November 2023.
Commenting on the board change, Cyclone Chairman, Tony Sage, said: “Will has been a valuable member of the board, and we would like to extend our thanks for his contribution to Cyclone. We recognise that the change reflects the Company’s transition to focus on the Block 103 / Iron Bear Magnetite Iron Ore Project. Will has played a key role in setting up Cyclone for successfully integrating our flagship magnetite project and we wish Will all the best for his future endeavours.”
Following Mr Scott’s resignation, the board has three Directors comprising one Independent Director and two Executive Directors.
A copy of Mr Scott’s Final Director’s Interest Notices is attached.
Withdrawal of AGM Resolutions
The Company advises that the following resolutions, as referred to in the Notice of Annual General Meeting released on 27 October 2023 have been withdrawn following the resignation of Mr Will Scott from his position as a Non-Executive Director of the Company with effect from 23 November 2023:
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Resolution 3 – Re-election of Director – Mr Will Scott
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Resolution 11 – Issue of Director Options – Mr Will Scott
The withdrawal of Resolutions 3 and 11 will not affect the validity of the proxy form attached to the Notice of Annual General Meeting or any other proxy vote already submitted in respect of the remaining resolutions to be put to shareholders.
Announcement authorised for release by the board of Cyclone.
ENDS
For further information please contact:
Investor Relations +61 (0) 8 9380 9555 [email protected]
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32 Harrogate Street, West Leederville, WA 6007 ASX: CLE | cyclonemetals.com