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RAGNAR METALS LIMITED Board/Management Information 2017

Feb 28, 2017

65660_rns_2017-02-28_504df70a-fc08-4b4a-a137-c9785db21eb6.pdf

Board/Management Information

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283 Rokeby Road Subiaco WA 6008 P: +61 8 6141 3500 F: +61 8 9481 1947 E: [email protected]

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1 March 2017

REQUISITION OF MEETING UNDER SECTION 249D OF CORPORATIONS ACT

In accordance with ASX Listing Rule 3.17A, Drake Resources Limited (ASX: DRK) ( Drake or the Company ) advises that on 27 February 2017 it received notice under section 249D of the Corporations Act 2001 (Cth), from Trinity Corporate Pty Ltd and other Drake shareholders, requesting the directors of Drake to call and arrange to hold a meeting of the Company for the purpose of considering the following resolutions:

  • a) that each and every one of the present directors other than Jay Stephenson be removed from his or her office of director of the Company;

  • b) that Alex Christopher Pismiris be appointed as a director of the Company; and

  • c) that Frank Licciardello be appointed as a director of the Company.

The Company is seeking advice as to its position and will keep shareholders informed of all material developments in relation to the requisition.

Jay Stephenson COMPANY SECRETARY

www.drakeresources.com.au