METGASCO LTD — Board/Management Information 2013

Sep 29, 2013

==> picture [231 x 34] intentionally omitted <==

ASX RELEASE

30 September 2013

Resolutions Proposed by Members and Request for General Meeting

Metgasco wishes to advise shareholders that it has received notice of “Resolutions Proposed by Members” to be put to members at the next general meeting of members, together with a notice requesting that the directors of the Company call and arrange a general meeting within two months at which each of the above resolutions be proposed at the meeting as an ordinary resolution.

These notices have been lodged by members (“Proposing Shareholders”) holding greater than 5% of votes which may be cast at a general meeting.

The Resolutions Proposed by Members are that Glenda McLoughlin, Michael O’Brien and Stuart Glenn each be appointed as a director of the Company.

Correspondence attached to the notices indicates that at the forthcoming Annual General Meeting, the Proposing Shareholders will not support the resolutions which propose the reelection of Mr Nicholas Heath, the election of Mr Gregory Short, the Remuneration Report and the ratification of an award of shares to Mr Peter Henderson. These are some of the resolutions that are listed for consideration at the forthcoming AGM in the Notice of Meeting released to members last Friday, 27[th] September.

Shareholders are advised to consider refraining from lodging their votes for the AGM Resolutions in either electronic or postal format until the Company is able to fully consider these notices and provide further clarification regarding the timing of consideration of the Resolutions Proposed by Members. In due course members will receive full detail of the Resolutions Proposed by Members together with the supporting letter from the Proposing Shareholders, together with explanatory notes from the Directors.

ENDS

Contact: Sean Hooper 0411 760 509

Metgasco Limited ACN 088 196 383 Level 11, 2 Elizabeth Plaza North Sydney NSW 2060 Tel: (02) 9923 9100 Fax: (02) 9923 9199 Website: www.metgasco.com.au