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TAW - Tawana - Results of the General meeting held on 23 November 2009

Release Date: 23/11/2009 09:53:01      Code(s): TAW
TAW - Tawana - Results of the General meeting held on 23 November 2009          
Tawana Resources NL                                                             
(Incorporated in Australia)                                                     
(Registration number ACN 085 166 721)                                           
Share code on the JSE Limited: TAW                                              
ISIN: AU000000TAW7                                                              
Share code on the Australian Stock Exchange Limited: TAW                        
ISIN: AU000000TAW7                                                              
("Tawana" or "the Company")                                                     
23 November 2009                                                                
Results of the General Meeting held 23 November 2009                            
Tawana Resources NL (ASX:TAW) held a General Meeting of shareholders today at   
10:00am AEST at the Lawler Draper Dillon Conference Room, Level 13, 440 Collins 
Street, Melbourne, Victoria.                                                    
All resolutions were passed unanimously by shareholders as follows:             
Resolution 1 - Subsequent approval of the issue of T1 Placement Shares          
To consider and, if thought fit, to pass the following resolution as an ordinary
resolution:                                                                     
"That, for the purposes of ASX Listing Rule 7.4 and for all other purposes,     
approval is given for the allotment and issue of the T1 Placement Shares by the 
Company on the terms and conditions set out in the Explanatory Statement."      
Resolution 2 - Issue of T2 Placement Shares                                     
To consider and, if thought fit, to pass the following resolution as an ordinary
resolution:                                                                     
"That, for the purposes of ASX Listing Rule 7.1 and for all other purposes,     
approval is given for the Company to allot and issue the T2 Placement Shares on 
the terms and conditions set out in the Explanatory Statement."                 
Resolution 3 - Grant of Options to Cygnet Capital                               
To consider and, if thought fit, to pass the following resolution as an ordinary
resolution:                                                                     
"That, for the purposes of ASX Listing Rule 7.1 and for all other purposes, but 
subject to the passing of Resolution 2, approval is given for the Company to    
grant the Cygnet Options to Cygnet Capital on the terms and conditions set out  
in the Explanatory Statement."                                                  
Resolution 4 - Issue of Convertible Notes                                       
To consider and, if thought fit, to pass the following resolution as an ordinary
resolution:                                                                     
"That, for the purposes of ASX Listing Rule 7.1 and for all other purposes,     
approval is given for the Company to issue the Convertible Notes to Mahsor      
Holdings Pty Limited, Deck Chair Holdings Pty Limited, Manfree Nominees Pty     
Limited and Mr Julian Babarczy on the terms and conditions set out in the       
Explanatory Statement."                                                         
Results of the Resolutions                                                      
Each resolution was unanimously passed by a show of hands                       
  Resolution              For         Against   Abstain                         
1  Subsequent approval     44,770,200  32,953    3,900,000                      
  of the issue of T1                                                            
Placement Shares.                                                             
                                                                                
2  Issue of T2             48,670,200  32,953    0                              
  Placement Shares.                                                             

3  Grant of Options to     44,279,177  518,096   3,905,880                      
  Cygnet Capital                                                                
                                                                                
4  Issue of Convertible    40,382,445  27,328    8,293,380                      
  Notes                                                                         
Note that the proxy votes received represent 36.16% of voting shares on issue.  
Euan LuffDirectorTel:  +61 3 9224 1000Email:  eluff@wfw.com.au                  
South African Sponsor                                                           
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
Date: 23/11/2009 09:53:01 Supplied by www.sharenet.co.za                     
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