On May 19, 2020, Accelerate Resources Limited noted that on May 18, 2020, it received a notice under section 249D of the Corporations Act 2001 (Cth) signed by GTT Global Opportunities Pty Ltd, Mounts Bay Investments Pty Ltd, Syracuse Capital Pty Ltd and Murdoch Capital Pty Ltd, requisitioning a general meeting of the Company to consider resolutions for the election of David Sanders to the Board, and the removal of Chairman Grant Mooney from the Board.