TIDMURU

RNS Number : 5756K

URU Metals Limited

14 December 2018

14 December 2018

URU Metals Limited

("URU" or "the Company")

Notice of Annual General Meeting

Posting of Circular

The Board of URU advises that the Company has despatched to shareholders and holders of Depositary Interests a circular, including a notice of Annual General Meeting ("AGM"), along with the associated form of proxy and form of instruction. The AGM is scheduled to be held at Goodmans LLP, 34th floor, Bay Adelaide Centre - West Tower, 333 Bay St #3400, Toronto, ON M5H 2S7, Canada at 10:00 a.m. Eastern Standard Time / 3:00 p.m. GMT on 7 January 2019. The circular is available on the Company's website: http://www.urumetals.com/

Resolutions to be considered include, inter alia, the re-election of certain Board members of the Company and changes to the Memorandum and Articles of Association of the Company. These changes are primarily being introduced to implement some additional protections for shareholders that were recommended following an internal review by the Company of its corporate governance practices earlier in the year. However, the Board is proposing to retain flexibility on further issues of new shares. The principal changes are:

 
 a)   new Articles 11 to 16 provide that there will be pre-emption 
       right provisions in relation to any issue of shares in the 
       capital of the Company for cash in excess of 500 per cent. 
       of issued shares in any 12 month period; 
 b)   Articles 47 to 51 now incorporate the provisions of the Disclosure 
       and Transparency Rules regarding notification of interests 
       in shares into the Articles; 
 c)   new Article 74 inserts in the New Articles power for shareholders 
       to requisition a shareholder vote; 
 d)   new Article 77 inserts in the New Articles an obligation to 
       hold an annual general meeting of the Company's shareholders 
       during each calendar year (and also other changes to align 
       the notice periods with UK norms); and 
 e)   new Articles 101 and 102 inserts in the New Articles that 
       directors will stand for re-election every three years and 
       in the year of their respective appointments.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

For further information, please contact:

 
URU Metals Limited 
 John Zorbas 
 (Chief Executive Officer)        +1 416 504 3978 
SP Angel Corporate Finance LLP 
 (Nominated Adviser and Broker) 
 Ewan Leggat                      + 44 (0) 203 470 0470 
 
SVS Securities Plc 
 (Joint Broker) 
 Tom Curran                       +44 (0) 203 700 0093

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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December 14, 2018 09:50 ET (14:50 GMT)

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