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TALISMAN MINING LIMITED — AGM Information 2009
Oct 21, 2009
65926_rns_2009-10-21_c7abe595-38c2-4683-965d-f7c33a21fadf.pdf
AGM Information
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TALISMAN MINING
Talisman Mining Ltd � ABN 71 079 536 495 6 Centro Avenue, Subiaco, WA 6008, Australia PO Box 1262, Subiaco, WA 6904, Australia Tel 618 9380 4230 � Fax 618 9382 8200 www.talismanmining.com.au
22 October 2009
The Manager Company Announcement Office Australian Securities Exchange
By Electronic Lodgement
Dear Sir
NOTICE OF ANNUAL GENERAL MEETING
Please find attached the Notice of Annual General Meeting which has been dispatched to shareholders today.
By order of the Board
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Darren Crawte Company Secretary
Page 1 of 1
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TALISMAN�MINING�LIMITED�
ABN�71�079�536�495
NOTICE�OF�ANNUAL�GENERAL�MEETING�
EXPLANATORY�STATEMENT�AND�
PROXY�FORM
TIME :� 10.00�am�(WST)� DATE :� 23�November�2009� PLACE :� Ground�Level�� 6�Centro�Avenue� Subiaco,�Western�Australia�6008�
This�Notice�of�Meeting�should�be�read�in�its�entirety.��If�Shareholders�are�in�doubt�as�to�how�they� should�vote,�they�should�seek�advice�from�their�professional�advisers�prior�to�voting.�
Should�you�wish�to�discuss�the�matters�in�this�Notice�of�Meeting�please�do�not�hesitate�to�contact�the� Company�Secretary�on�(+61�8)�9321�3514.�
| CONTENTSPAGE | ||
|---|---|---|
| NoticeofAnnualGeneralMeeting | 3 | |
| ExplanatoryStatement | 4 | |
| Glossary | 6 | |
| AnnexureA–SummaryoftheEEOP | 7 | |
| TIMEANDPLACEOFMEETINGANDHOWTO | VOTE |
VENUE�
The�Annual�General�Meeting�of�the�Shareholders�to�which�this�Notice�of�Meeting�relates�will�be�held�at�10.00� am�(WST)�on�23�November�2009�at:�
Ground�Level�� 6�Centro�Avenue� Subiaco,�Western�Australia�6008�
YOUR�VOTE�IS�IMPORTANT�
The�business�of�the�Annual�General�Meeting�affects�your�shareholding�and�your�vote�is�important.���
VOTING�IN�PERSON�
To�vote�in�person,�attend�the�Annual�General�Meeting�on�the�date�and�at�the�place�set�out�above.���
VOTING�BY�PROXY�
To�vote�by�proxy,�please�complete�and�sign�the�enclosed�Proxy�Form�and�return�by:�
-
(a) post�to�Talisman�Mining�Limited,�PO�Box�1262,�Subiaco�WA�6904;�or�
-
(b) facsimile�to�the�Company�on�facsimile�number�(+61�8)�9382�8200.�
so�that�it�is�received�not�later�than�10.00�am�(WST)�on�21�November�2009.�
Proxy�Forms�received�later�than�this�time�will�be�invalid.
2
NOTICE�OF�ANNUAL�GENERAL�MEETING�
Notice�is�given�that�the�Annual�General�Meeting�of�Shareholders�will�be�held�at�10.00�am�(WST)�on�23�November� 2009�at�Ground�Level,�6�Centro�Avenue,�Subiaco,�Western�Australia�6008.�
The�Explanatory�Statement�to�this�Notice�of�Meeting�provides�additional�information�on�matters�to�be�considered� at�the�Annual�General�Meeting.��The�Explanatory�Statement�and�the�Proxy�Form�are�part�of�this�Notice�of�Meeting.�
The�directors�have�determined�pursuant�to�Regulation�7.11.37�of�the�Corporations�Regulations�2001�(Cth)�that�the� persons�eligible�to�vote�at�the�Annual�General�Meeting�are�those�who�are�registered�Shareholders�of�the�Company� at�5.00�pm�(WST)�on�21�November�2009.�
Terms�and�abbreviations�used�in�this�Notice�of�Meeting�and�Explanatory�Statement�are�defined�in�the�Glossary.�
AGENDA�
| 1. | ANNUALREPORT |
|---|---|
| ToreceiveandconsiderthefinancialreportoftheCompanytogetherwiththereportsofthedirectors | |
| andtheauditorforthefinancialyearended30June2009. | |
| 2. | RESOLUTION1–ADOPTIONOFTHEREMUNERATIONREPORT |
| Toconsiderand,ifthoughtfit,topassthefollowingresolutionasanordinaryresolution: | |
| “That,forthepurposesofsection250R(2)oftheCorporationsActandforallotherpurposes,the | |
| remunerationreportforthefinancialyearended30June2009beadopted”. | |
| ThevoteonthisresolutionisadvisoryonlyanddoesnotbindthedirectorsoftheCompany. | |
| 3. | RESOLUTION2–RE�ELECTIONOFMRALANSENIOR |
| Toconsiderand,ifthoughtfit,topassthefollowingresolutionasanordinaryresolution: | |
| “That,MrAlanSenior,adirectoroftheCompanywhoretiresinaccordancewithclause13.2ofthe | |
| Company’sconstitutionand,beingeligible,offershimselfforre�election,bere�electedasa | |
| directoroftheCompany”. | |
| VotingExclusion:TheCompanywilldisregardanyvotescastonthisResolutionbyMrSenior(orhis | |
| nominee)andanyofhisassociates. | |
| 4. | RESOLUTION3–RE�APPROVALOFEXECUTIVEANDEMPLOYEEOPTIONPLAN |
| Toconsiderand,ifthoughtfit,passthefollowingresolutionasanordinaryresolution: | |
| “That,forthepurposesofASXListingRule7.2(Exception9)andforallotherpurposes,approvalis | |
| giventotheissueofOptionsundertheTalismanMiningLimitedExecutiveandEmployeeOption | |
| Plan(EEOP)asdetailedintheExplanatoryStatementaccompanyingthisNotice." | |
| ShortExplanation:TheEEOPwasfirstapprovedbyshareholdersin2006andrequiresapprovalby | |
| shareholdersevery3years.TheEEOPisdesignedtobeanincentivetokeypeoplewhoassistinthe | |
| successfuldevelopmentandoperationoftheCompany.ApprovalissoughtpursuanttoASXListingRule | |
| 7.2(Exception9)sothatOptionsissuedpursuanttotheSchemearenotincludedintheCompany’s15% | |
| capacityforthepurposesofASXListingRule7.1.PleaserefertotheExplanatoryStatementforfurther | |
| details. |
Voting�Exclusion:�� The�Company�will�disregard�any�votes�cast�on�this�Resolution�by�the�Directors�(except� those�who�are�ineligible�to�participate�in�the�Plan),�and�any�of�their�associates.�
DATED:���� 22�OCTOBER�2009� BY�ORDER�OF�THE�BOARD�
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______� DARREN�CRAWTE� COMPANY�SECRETARY�
Voting�Exclusion�Note:
Where�a�voting�exclusion�applies,�the�Company�need�not�disregard�a�vote�if�it�is�cast�by�a�person�as�a�proxy�for�a� person�who�is�entitled�to�vote�in�accordance�with�the�directions�on�the�Proxy�Form�or�it�is�cast�by�the�person� chairing�the�meeting�as�proxy�for�a�person�who�is�entitled�to�vote,�in�accordance�with�a�direction�on�the�Proxy� Form�to�vote�as�the�proxy�decides.�
3
EXPLANATORY�STATEMENT�
This�Explanatory�Statement�has�been�prepared�for�the�information�of�the�Shareholders�in�connection�with�the� business�to�be�conducted�at�the�Annual�General�Meeting�to�be�held�at�10.00�am�(WST)�on�23�November�2009�at� Ground�Level,�6�Centro�Avenue,�Subiaco,�Western�Australia�6008.�
The�purpose�of�this�Explanatory�Statement�is�to�provide�information�which�the�directors�believe�to�be�material�to� Shareholders�in�deciding�whether�or�not�to�pass�the�Resolutions�in�the�Notice�of�Meeting.�
1.� ANNUAL�REPORT�
Section�317�of�the�Corporations�Act�requires�the�reports�of�the�directors�and�of�the�auditors�and�the� Annual�Report,�including�the�financial�statements�to�be�put�before�the�Annual�General�Meeting�and�the� Constitution�provides�for�those�reports�and�statements�to�be�received�and�considered�at�the�Annual� General�Meeting.�Neither�the�Corporations�Act�nor�the�Constitution�requires�a�vote�of�Shareholders�at� the�Annual�General�Meeting�on�the�reports�or�statements.�However,�Shareholders�will�be�given�the� opportunity�to�raise�questions�on�the�reports�and�the�statements�at�the�Annual�General�Meeting.�
The�Company’s�2009�Annual�Report�is�available�at� www.talismanmining.com.au.�Those�holders�that� elected�to�receive�a�printed�copy�of�the�Annual�Report�will�have�received�a�copy�with�this�Notice�of� Annual�General�Meeting.
2.� RESOLUTION�1�–�ADOPTION�OF�THE�REMUNERATION�REPORT� Section�300A�of�the�Corporations�Act�sets�out�the�information�that�should�be�included�in�the� Remuneration�Report.�Section�250R(2)�of�the�Corporations�Act�requires�that�a�resolution�that�the� Remuneration�Report�be�adopted�and�be�put�to�a�vote�of�Shareholders�at�the�Company’s�Annual�General� Meeting.�The�vote�on�this�resolution�is�only�advisory�to�the�Company�and�does�not�bind�the�Board.�
The�Remuneration�Report�is�set�out�in�and�forms�part�of�the�Director’s�Report�within�the�Annual�Report.� The�Remuneration�Report:�
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explains�the�Board’s�policy�for�determining�the�nature�and�amount�of�remuneration�of� executive�directors�and�senior�executives�of�the�Company;�
-
discusses�the�relationship�between�such�policy�and�the�Company’s�performance;�and�
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sets�out�remuneration�details�for�each�director.�
Under�section�250SA�of�the�Corporations�Act,�Shareholders�will�be�given�a�reasonable�opportunity�to�ask� questions�about,�or�make�comments�on,�the�Remuneration�Report.�
The�directors�consider�that�the�remuneration�policies�adopted�by�the�Company�are�appropriately� structured�to�provide�rewards�that�are�commensurate�with�the�performance�of�the�Company�and�the� individual.�On�that�basis,�the�directors�unanimously�recommend�that�members�vote�in�favour�of�this� advisory�resolution.�
3.� RESOLUTION�2�–�RE�ELECTION�OF�MR�ALAN�SENIOR��
Clause�13.2�of�the�Constitution�provides�that�at�each�Annual�General�Meeting�one�third�of�the�directors� shall�retire�from�office.�Mr�Alan�Senior�retires�from�office�in�accordance�with�this�requirement�and�being� eligible�offers�himself�for�re�election�by�shareholders�as�a�director�of�the�Company,�with�effect�from�the� end�of�the�meeting.�
Mr�Senior�graduated�from�the�West�Australian�Institute�of�Technology�(Curtin�University)�with�an� Associateship�in�Mechanical�Engineering�in�1968.��He�is�an�engineer�with�over�35�years�experience�in� design�and�project�development,�mainly�associated�with�the�mining�and�mineral�processing�industry�in� Australia.�
Mr�Senior�has�extensive�experience�at�all�stages�of�projects,�from�pre�feasibility�through�to� commissioning�and�operation,�for�plants�handling�and/or�processing�iron�ore,�gold,�copper,�bauxite,� uranium,�and�coal.��Throughout�his�career�Alan�has�worked�for�the�iron�ore�industry.��In�the�1970’s�and� early�80’s�he�worked�as�a�designer�on�major�expansion�projects�for�Mt�Newman�Mining�(now�BHPB)�and� Hamersley�Iron�(now�CRA).�
Mr�Senior�was�a�non�executive�Director�of�Jubilee�Mines�NL�up�until�its�purchase�by�Xstrata.��Before� joining�the�board�of�Jubilee�in�2003�he�led�the�team�which�completed�the�feasibility�study�for�the� Cosmos�Nickel�project�and�its�successful�implementation,�followed�three�years�later�by�the�transition� from�open�cut�to�underground�mining.�He�is�also�a�non�executive�Director�of�Tanami�Gold�NL.�
Mr�Senior�is�a�Fellow�of�the�Institution�of�Engineers�Australia,�a�Fellow�of�the�Australian�Institute�of� Mining�and�Metallurgy,�and�a�Chartered�Professional�Engineer.�
The�Board�unanimously�recommends�that�shareholders�vote�in�favour�of�the�re�election�of�Mr�Senior�as� a�director.�
4
4.� RESOLUTION�3�–�RE�APPROVAL�OF�EXECUTIVE�AND�EMPLOYEE�OPTION�PLAN�(EEOP)�
ASX�Listing�Rule�7.1�requires�a�listed�company�to�obtain�shareholder�approval�prior�to�the�issue�of� shares,�or�securities�convertible�into�shares,�representing�more�than�15%�of�the�issued�capital�of�that� company�in�any�rolling�12�month�period.�
An�exception�to�ASX�Listing�Rule�7.1�is�set�out�in�ASX�Listing�Rule�7.2�(Exception�9)�which�provides�that� issues�under�an�employee�incentive�plan�are�exempt�for�a�period�of�3�years�from�the�date�on�which� shareholders�approve�the�issue�of�securities�under�the�plan�as�an�exception�to�ASX�Listing�Rule�7.1.��The� Plan�was�last�approved�by�Shareholders�at�the�2006�annual�general�meeting.�
Resolution�3�seeks�Shareholder�approval�for�the�Company�to�issue�Options�under�the�“Executive�and� Employee�Option�Plan”�(EEOP)�as�an�exception�to�ASX�Listing�Rule�7.1�in�accordance�with�ASX�Listing� Rule�7.2�(Exception�9).�
The�purpose�of�the�EEOP�is�to�recognise�the�ability�and�efforts�of�the�Directors�and�employees�of�the� Company�who�have�contributed�to�the�success�of�the�Company;�provide�an�incentive�to�Directors�and� employees�to�achieve�the�long�term�objectives�of,�and�improve�the�performance�of�the�Company;�attract� persons�of�experience�and�ability�to�the�Company�and�foster�and�promote�loyalty�between�the�Company� and�its�Directors�and�employees.�
In�order�to�take�advantage�of�the�exemption�from�ASX�Listing�Rule�7.1�contained�in�ASX�Listing�Rule� 7.2�(Exception�9)�and�allow�the�Company�greater�flexibility�to�issue�securities,�Shareholders�are� requested�to�approve�the�EEOP�as�an�exemption�from�ASX�Listing�Rule�7.1.�
For�the�purpose�of�exception�9�of�Listing�Rule�7.2:�
(a) 950,000�options�have�previously�been�issued�under�the�EEOP�since�the�date�of�the� adoption�of�the�EEOP�(with�Shareholders'�approval)�on�22�November�2006;�and�
(b) a�summary�of�the�key�terms�of�the�EEOP�is�set�out�in�Annexure�A�to�the�Explanatory� Statement.�
A�copy�of�the�EEOP�will�be�sent�to�any�Shareholder�upon�request�and�will�also�be�available�for� inspection�at�the�Meeting�venue�during�the�Meeting.��
The�Directors�unanimously�recommend�that�Shareholders�vote�in�favour�of�this�Item.�
5.� ENQUIRIES�
Shareholders�are�required�to�contact�the�Company�Secretary�on�(+�61�8)�9321�3514�if�they�have�any� queries�in�respect�of�the�matters�set�out�in�these�documents.�
5
GLOSSARY
$� means�Australian�dollars. Annual�General�Meeting �means�the�meeting�convened�by�the�Notice�of�Meeting.� ASIC �means�the�Australian�Securities�and�Investments�Commission.� ASX �means�ASX�Limited.� ASX�Listing�Rules �means�the�Listing�Rules�of�ASX.�
Board �means�the�current�board�of�Directors�of�the�Company.�
Business�Day �means�Monday�to�Friday�inclusive,�except�New�Year’s�Day,�Good�Friday,�Easter�� Monday,�Christmas�Day,�Boxing�Day,�and�any�other�day�that�ASX�declares�is�not�a�business�day.�
Company �means�Talisman�Mining�Limited�(ABN�71�079�536�495).�
Constitution �means�the�Company’s�constitution.�
Corporations�Act �means�the�Corporations�Act�2001�(Cth).�
Directors �means�the�current�Directors�of�the�Company.�
EEOP �means�the�Talisman�Mining�Limited�Executive�and�Employee�Option�Plan�adopted�by�� the�Company�and�approved�by�shareholders�on�22�November�2006.�
Explanatory�Statement �means�the�explanatory�statement�accompanying�the�Notice�of�Meeting.�
Notice�of�Meeting �or� Notice�of�Annual�General�Meeting �means�this�notice�of�annual�general�� meeting�including�the�explanatory�statement.�
Option� means�an�option�to�acquire�a�Share.�
Optionholder� means�a�holder�of�an�Option,�Director�Option�or�Employee�Option�as�the�� context�requires.�
Resolutions �means�the�resolutions�set�out�in�the�Notice�of�Meeting,�or�any�one�of�them,�as�the�� context�requires.�
Share �means�a�fully�paid�ordinary�share�in�the�capital�of�the�Company.� Shareholder �means�a�holder�of�a�Share.� WST �means�Western�Standard�Time�as�observed�in�Perth,�Western�Australia.�
6
ANNEXURE�A�–�SUMMARY�OF�THE�EEOP
The�detailed�terms�and�conditions�of�the�EEOP�may�be�obtained�free�of�charge�by�contacting�the�Company.��A� summary�of�the�terms�and�conditions�of�the�EEOP�is�set�out�below.�
1.� Invitation�
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1.1� The�Board�may,�from�time�to�time,�determine�the�extent�to�which�Eligible�Persons�participate�in�the�EEOP� and�apply�for�options�to�subscribe�for�Shares.��An�Eligible�Person�means�a�person�who�is�a:�
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(a) a�full�or�part�time�employee�of�the�Company�or�Related�Body�Corporate;�
-
(b) a�Director;�
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(c) an�officer�of�the�Company;�or�
-
(d) contractors�who�have�worked�for�the�Company�for�more�than�one�year�and�who�received�80%�or� more�of�their�income�in�the�preceding�year�from�the�Company.�
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1.2� Upon�the�offer�of�Options�to�an�Eligible�Person,�the�Company�will�send�the�Eligible�Person�an�Application� which�must�be�signed�by�the�Eligible�Person�and�returned�to�the�Company�within�5�Business�Days.��Upon� the�Company�receiving�the�Application�for�Options�in�accordance�with�this�clause�the�Company�will�issue� the�relevant�number�of�Options�to�the�Optionholder�and�issue�the�Optionholder�with�an�Option� Certificate.
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2. Terms�of�the�Offer�of�Options�
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2.1� No�monies�will�be�payable�for�the�issue�of�the�Options.�
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2.2� The�Options�shall�expire�on�the�Expiry�Date�which�means�the�earlier�of:��
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(a) 5�years�from�the�Issue�Date;�
-
(b) the�date�on�which�the�Optionholder�ceases�to�be�an�Eligible�Person;�or�
-
(c) or�such�other�date�as�the�Board�resolved.�
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2.3� Each�Option�shall�carry�the�right�in�favour�of�an�Option�Holder�to�subscribe�for�one�Share.�
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2.4� The�exercise�price�of�the�EEOP�Options�shall�be�the�weighted�average�price�of�the�Company’s�shares�on� the�ASX�over�the�five�trading�days�prior�to�the�date�of�offer�of�the�Options�or�such�other�price�as�the� board�resolves.�
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2.5� The�Board�may,�in�its�absolute�discretion,�impose�performance�hurdles�on�the�exercise�of�Options�by�an� Optionholder.���
3. Exercise�of�Options�
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3.1� Subject�to�section�5�below,�the�EEOP�Options�are�only�exercisable�if�at�the�time�of�the�exercise�the� option�holder�is�an�Eligible�Person.�
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3.2� The�EEOP�Options�are�exercisable�prior�to�the�Expiry�Date.�
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3.3� Other�than�listed�series�of�options�granted�under�this�option�plan,�Options�shall�not�be�listed�for�official� quotation�on�ASX.�
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3.4�� The�EEOP�Options�are�not�transferable�in�the�first�year�after�the�date�of�issue.��Subsequently,�the�EEOP� Options�are�transferable�provided�that�the�proposed�new�holder�enters�into�a�covenant�with�the� Company�pursuant�to�which�the�proposed�new�holder�acknowledges�and�agrees�to�be�bound�by�the� provision�of�the�EEOP.�
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3.5�� All�Shares�issued�upon�the�exercise�of�the�EEOP�Options�will�rank�pari�passu�in�all�respects�with�the� Company’s�then�issued�Shares.��The�Company�will�apply�for�the�Shares�issued�upon�the�exercise�of�the� EEOP�Options�to�be�listed�on�ASX.�
4. Issues,�Adjustments�and�Reorganisation�
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4.1� Option�holders�will�not�be�entitled�to�participate�in�new�issues�or�pro�rata�issues�of�securities�offered�to� Shareholders�unless�the�EEOP�options�are�first�exercised.�
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4.2� If�there�is�a�pro�rata�issue�(except�a�bonus�issue)�to�Shareholders,�the�exercise�price�of�an�EEOP�Option� will�be�reduced�according�to�the�formula�set�out�in�ASX�Listing�Rule�6.22.�
7
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4.3� If�there�is�a�bonus�issue�to�Shareholders,�the�number�of�Shares�over�which�an�EEOP�options�is� exercisable�will�be�increased�by�the�number�of�Shares�which�the�holder�of�the�EEOP�Option�would�have� received�if�the�EEOP�Option�had�been�exercised�immediately�prior�to�the�record�date�for�the�bonus�issue� but�no�change�will�be�made�to�the�Exercise�Price.�
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4.4� If�the�Company,�while�an�Option�remains�unexercised,�reconstructs�its�issued�capital�(including�a� reduction,�return,�subdivision�or�consolidation�of�share�capital�or�a�reorganisation�of�share�capital),�the� rights�of�the�Optionholder�will�be�changed�to�the�extent�necessary�to�comply�with�the�Listing�Rules� applying�to�a�reorganisation�of�capital�at�the�time�of�the�reorganisation.
5. Termination�of�Right�to�Exercise�Option�
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5.1� The�EEOP�Option�will�lapse�on�the�earlier�of:�
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(a) the�Expiry�Date;�
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(b) a�determination�of�the�Board�that�the�Optionholder�has,�in�the�Board’s�opinion:�
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(i) been�dismissed�or�removed�from�office�for�a�reason�which�entitles�the�Company�to� dismiss�the�Optionholder�without�notice�or�has�committed�any�act�of�fraud,�defalcation� or�gross�misconduct�in�relation�to�the�affairs�of�that�company�(whether�or�not�charged� with�an�offence);�or�
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(ii) done�any�act�which�brings�the�Company�in�into�disrepute;�
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(c) unless�otherwise�determined�by�the�Board�in�respect�of�any�of�the�following�Eligible�Persons�as� Optionholders,�where:�
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(i)� in�the�case�of�an�Eligible�Person�who�is�an�employee,�the�employment�of�that�Eligible� Person�by�the�Company�or�a�Related�Body�Corporate�ceases;�or�
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(ii)� in�the�case�of�an�Eligible�Person�who�is�a�Director�of�the�Company�or�a�Director�of�a� Related�Body�Corporate�and�not�an�employee�of�the�Company�or�a�Related�Body� Corporate,�the�directorship�of�that�Eligible�Person�ceases.�
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-
5.2� The�exercise�of�the�EEOP�Options�shall�be�effective�if�an�option�holder�ceased�to�be�Eligible�Person�by� virtue�of�this�death�or�ill�health,�or�accident�resulting�in�permanent�disability�and�(in�the�case�of�a� Director)�by�reason�of�retirement�under�the�constitution�of�the�Company�or�the�Corporations�Act.�
6. Alteration�to�the�Plan�
- 6.1� The�Plan�may�be�amended�at�any�time�by�resolution�of�the�Board�subject�to�the�requirements�from�time� to�time�of�the�Corporations�Act�and�the�Listing�Rules�including�approval�by�the�Company’s�shareholders� of�any�such�amendment�to�the�Plan.��Any�such�amendment�however�shall�not�adversely�affect�the�rights� of�Optionholders�who�are�granted�Options�prior�to�such�amendment�without�the�consent�of�the� Optionholder,�unless�such�amendment�is�required�by,�or�necessitated�by�amendments�to,�either�the� Corporations�Act�or�the�Listing�Rules.�
7. Termination�
- 7.1� The�EEOP�may�at�any�time�be�terminated�by�the�Board�of�Directors�but�such�termination�shall�not�affect� the�rights�of�holders�of�Options�issued�prior�to�termination.�
8
TALISMAN MINING LIMITED ABN 71 079 536 495 PROXY FORM
The�Company�Secretary Talisman�Mining�Limited� PO�Box�1262� Subiaco�WA�6904� Ph��(+61�8)�9380�4230� Fax�(+61�8)�9382�8200
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ANNUAL�GENERAL�MEETING�
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I/We�
Appoint�
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being�a�member(s)�of�Talisman�Mining�Limited�and�entitled�to�attend�and�vote�at�the�Annual� General�Meeting,�hereby� Name�of�proxy� OR� Mark�this�box�if�you�wish�to�appoint�the�Chair�of�the�Annual�General�Meeting�as�your� proxy�
or�failing�the�person/body�corporate�so�named�or,�if�no�person/body�corporate�is�named,�the�Chair�of�the�Annual�General� Meeting,�or�the�Chair’s�nominee,�to�vote�in�accordance�with�the�following�directions,�or,�if�no�directions�have�been�given,�as�the� proxy�sees�fit,�at�the�Annual�General�Meeting�of�the�Company�to�be�held�at�10.00�am�(WST),�on�23�November�2009�at�Ground� Level,�6�Centro�Avenue,�Subiaco,�Western�Australia�6008,�and�at�any�adjournment�thereof.
If�no�directions�are�given,�the�Chair�will�vote�in�favour�of�all�the�Resolutions.�
Voting�on�Business�of�the�General�Meeting� Resolution�1�–��Adoption�of�the�Remuneration�Report� Resolution�2�–��Re�election�of�Mr�Alan�Senior� Resolution�3�–��Re�approval�of�executive�and�employee�option�plan�
��FOR� ���AGAINST� �ABSTAIN�
OR�
If�the�Chair�of�the�Annual�General�Meeting�is�appointed�as�your�proxy,�or�may�be�appointed�by�default,�and�you�do� not �wish�to�direct� your�proxy�how�to�vote�as�your�proxy�in�respect�of�Resolutions�1�to�3�please�place�a�mark�in�this�box.�
By�marking�this�box,�you�acknowledge�that�the�Chair�of�the�Annual�General�Meeting�may�exercise�your�proxy�even�if�he�has�an�interest�in�the� outcome�of�Resolutions�1�to�3�and�that�votes�cast�by�the�Chair�of�the�Annual�General�Meeting�for�Resolutions�1�to�3�other�than�as�proxy�holder� will�be�disregarded�because�of�that�interest.��If�you�do�not�mark�this�box,�and�you�have�not�directed�your�proxy�how�to�vote,�the�Chair�will�not� cast�your�votes�on�Resolutions�1�to�3�and�your�votes�will�not�be�counted�in�calculating�the�required�majority�if�a�poll�is�called�on�Resolutions�1�to� 3.�
If�you�mark�the�abstain�box�for�a�particular�Resolution,�you�are�directing�your�proxy�not�to�vote�on�that�Resolution�on�a�show�of�hands�or�on�a� poll�and�your�votes�will�not�to�be�counted�in�computing�the�required�majority�on�a�poll.�
If�two�proxies�are�being�appointed,�the�proportion�of�voting�rights�this�proxy�represents�is�
Signed�this��������������������������������day�of������������������������������������2009�
%
By:�
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Individuals�and�joint�holders� Companies�(affix�common�seal�if�appropriate)�
Signature Director
Signature Director/Company Secretary
Signature Sole Director and Sole Company Secretary
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1
TALISMAN�MINING�LIMITED� ABN�71�079�536�495�
Instructions�for�Completing�Proxy�Form�
-
A�member�entitled�to�attend�and�vote�at�an�Annual�General�Meeting�is�entitled�to�appoint�not� more�than�two�proxies�to�attend�and�vote�on�a�poll�on�their�behalf.��The�appointment�of�a�second� proxy�must�be�done�on�a�separate�copy�of�the�Proxy�Form.��Where�more�than�one�proxy�is� appointed,�such�proxy�must�be�allocated�a�proportion�of�the�member’s�voting�rights.��If�a�member� appoints�two�proxies�and�the�appointment�does�not�specify�this�proportion,�each�proxy�may� exercise�half�the�votes.��A�duly�appointed�proxy�need�not�be�a�member�of�the�Company.�
-
Where�a�member’s�holding�is�in�one�name�the�holder�must�sign.��Where�the�holding�is�in�more�than� one�name,�all�members�should�sign.�
-
Where�a�Proxy�Form�of�a�corporate�representative�is�lodged�and�is�executed�under�a�power�of� attorney,�the�power�of�attorney�must�be�lodged�in�like�manner�as�this�Proxy�Form.�
-
Corporate�members�should�comply�with�the�execution�requirements�set�out�on�the�Proxy�Form�or� otherwise�with�the�provisions�of�Section�127�of�the�Corporations�Act.��Section�127�of�the� Corporations�Act�provides�that�a�company�may�execute�a�document�without�using�its�common�seal� if�the�document�is�signed�by:�
-
2�directors�of�the�company;�
-
a�director�and�a�company�secretary�of�the�company;�or�
-
for�a�proprietary�company�that�has�a�sole�director�who�is�also�the�sole�company�secretary� –�that�director.�
For�the�Company�to�rely�on�the�assumptions�set�out�in�Section�129(5)�and�(6)�of�the�Corporations� Act,�a�document�must�appear�to�have�been�executed�in�accordance�with�Section�127(1)�or�(2).��This� effectively�means�that�the�status�of�the�persons�signing�the�document�or�witnessing�the�affixing�of� the�seal�must�be�set�out�and�conform�to�the�requirements�of�Section�127(1)�or�(2)�as�applicable.��In� particular,�a�person�who�witnesses�the�affixing�of�a�common�seal�and�who�is�the�sole�director�and� sole�company�secretary�of�the�company�must�state�that�next�to�his�or�her�signature.�
-
Completion�of�a�Proxy�Form�will�not�prevent�individual�members�from�attending�the�Annual� General�Meeting�in�person�if�they�wish.��Where�a�member�completes�and�lodges�a�valid�Proxy�Form� and�attends�the�Annual�General�Meeting�in�person,�then�the�proxy’s�authority�to�speak�and�vote�for� that�member�is�suspended�while�the�member�is�present�at�the�Annual�General�Meeting.�
-
To�vote�by�proxy,�please�complete�and�sign�the�enclosed�Proxy�Form�and�return�by:�
-
(a) post�to�Talisman�Mining�Limited,�PO�Box�1262,�Subiaco�WA�6904;�or�
-
(b) facsimile�to�the�Company�on�facsimile�number�+61�8�9382�8200,�
-
so�that�it�is�received�not�later�than�10.00�am�(WST)�on�21�November�2009.�
Proxy�forms�received�later�than�this�time�will�be�invalid.
2