Constitution of

Soon Mining Limited ACN 603 637 083

Constitution of Soon Mining Limited

1

1.1

Defined terms .................................................................................................................... 7

1.2

Interpretation .................................................................................................................... 8

1.3

Replaceable rules .............................................................................................................. 9

2

Shares

9

2.1

Rights ................................................................................................................................. 9

2.2

Issue of Shares ................................................................................................................... 9

2.3

Commission and brokerage ............................................................................................. 10

2.4

Trusts not recognised ...................................................................................................... 10

2.5

Joint holders .................................................................................................................... 10

2.6

Share certificates ............................................................................................................. 11

2.7

Class meetings ................................................................................................................. 11

2.8

Non-marketable parcels .................................................................................................. 11

3

Calls

13

3.1

General ............................................................................................................................ 13

3.2

Instalments and amounts which become payable ......................................................... 14

3.3

Interest and expenses ..................................................................................................... 14

3.4

Recovery of amounts due ............................................................................................... 14

3.5

Differentiation ................................................................................................................. 14

3.6

Payment of calls in advance ............................................................................................ 14

4

5

Preliminary 7

Lien and forfeiture 15

  • 4.1 Lien .................................................................................................................................. 15

  • 4.2 Lien sale ........................................................................................................................... 16

  • 4.3 Forfeiture notice ............................................................................................................. 16

  • 4.4 Forfeiture ........................................................................................................................ 17

  • 4.5 Liability of former Member ............................................................................................. 17

  • 4.6 Disposal of Shares ........................................................................................................... 17

Transfer of Shares

18

  • 5.1 General ............................................................................................................................ 18

  • 5.2 Proportional takeover bid ............................................................................................... 19

  • 5.3 Transfer procedure ......................................................................................................... 20

  • 5.4 Right to refuse registration ............................................................................................. 20

  • 6 Transmission of Shares

    21

    • 6.1 Title on death .................................................................................................................. 21

    • 6.2 Entitlement to transmission ............................................................................................ 21

  • 7 Changes to Share capital

    22

    7.1

    Consolidation or division ................................................................................................. 22

  • 8 Powers of attorney

    22

    8.1

    Powers of attorney .......................................................................................................... 22

  • 9 General meetings

    23

    • 9.1 Calling general meeting ................................................................................................... 23

    • 9.2 Notice .............................................................................................................................. 23

    • 9.3 Business ........................................................................................................................... 24

  • 10 Proceedings at general meetings

    24

    • 10.1 Member ........................................................................................................................... 24

    • 10.2 Quorum ........................................................................................................................... 25

    • 10.3 Chairperson ..................................................................................................................... 25

    • 10.4 General conduct .............................................................................................................. 26

    • 10.5 Adjournment ................................................................................................................... 26

    • 10.6 Decisions ......................................................................................................................... 26

    • 10.7 Taking a poll .................................................................................................................... 27

    • 10.8 Casting vote of chairperson ............................................................................................ 27

    • 10.9 Admission to general meetings ....................................................................................... 27

    • 10.10 Auditor's right to be heard .............................................................................................. 28

  • 11 Votes of Members

28

  • 11.1 Entitlement to vote ......................................................................................................... 28

  • 11.2 Unpaid calls ..................................................................................................................... 29

  • 11.3 Joint holders .................................................................................................................... 29

  • 11.4 Objections ....................................................................................................................... 29

  • 11.5 Votes by proxy ................................................................................................................. 29

  • 11.6 Document appointing proxy ........................................................................................... 31

  • 11.7 Proxy in blank .................................................................................................................. 31

  • 11.8 Lodgement of proxy ........................................................................................................ 31

  • 11.9 Validity ............................................................................................................................. 32

  • 11.10 Representatives of bodies corporate .............................................................................. 32

  • 12 Appointment and removal of Directors

    33

    • 12.1 Number of Directors ....................................................................................................... 33

    • 12.2 Qualification .................................................................................................................... 33

    • 12.3 Power to remove and appoint ........................................................................................ 33

    • 12.4 Additional and casual Directors ...................................................................................... 34

    • 12.5 Retirement by rotation ................................................................................................... 34

    • 12.6 Nomination of Director ................................................................................................... 35

    • 12.7 Vacation of office ............................................................................................................ 35

  • 13 Remuneration of Directors

    35

    • 13.1 Remuneration of Non-Executive Directors ..................................................................... 35

    • 13.2 Remuneration of Executive Directors ............................................................................. 36

    • 13.3 Retirement benefits ........................................................................................................ 36

  • 14 Powers and duties of Directors

    37

    14.1

    Directors to manage Company ....................................................................................... 37

  • 15 Proceedings of Directors

37

  • 15.1 Directors' meetings ......................................................................................................... 37

  • 15.2 Decisions ......................................................................................................................... 38

  • 15.3 Directors' interests .......................................................................................................... 38

  • 15.4 Alternate Directors .......................................................................................................... 39

  • 15.5 Remaining Directors ........................................................................................................ 40

  • 15.6 Chairperson ..................................................................................................................... 40

  • 15.7 Delegation ....................................................................................................................... 40

  • 15.8 Written resolutions ......................................................................................................... 40

  • 15.9 Validity of acts of Directors ............................................................................................. 41

  • 15.10 Minutes ........................................................................................................................... 41

  • 16 Executive Directors

    41

    • 16.1 Appointment ................................................................................................................... 41

    • 16.2 Powers of Executive Directors ........................................................................................ 42

  • 17 Local management

    42

    • 17.1 General ............................................................................................................................ 42

    • 17.2 Appointment of attorneys and agents ............................................................................ 42

  • 18 Secretary

    43

    18.1

    Secretary ......................................................................................................................... 43

  • 19 Seals

    43

    • 19.1 Common Seal .................................................................................................................. 43

    • 19.2 Duplicate Seal .................................................................................................................. 44

    • 19.3 Share Seal ........................................................................................................................ 44

  • 20 Inspection of records

    44

    20.1

    Times for inspection ........................................................................................................ 44

  • 21 Dividends and reserves

44

  • 21.1 Dividends ......................................................................................................................... 44

  • 21.2 Amend resolution to pay dividend .................................................................................. 45

  • 21.3 No interest ....................................................................................................................... 45

  • 21.4 Reserves .......................................................................................................................... 45

  • 21.5 Dividend entitlement ...................................................................................................... 45

  • 21.6 Restricted securities ........................................................................................................ 45

  • 21.7 Deductions from dividends ............................................................................................. 46

  • 21.8 Distribution of assets ...................................................................................................... 46

  • 21.9 Payment .......................................................................................................................... 46

  • 21.10 Election to reinvest dividend ........................................................................................... 46

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Soon Mining Ltd. published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 04:03:06 UTC.