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TAWANA RESOURCES NL - Results of General Meeting & Demerger Update

Release Date: 06/07/2018 09:09:00      Code(s): TAW       PDF(s):  
Results of General Meeting & Demerger Update

Tawana Resources NL
(Incorporated in Australia)
(Registration number ACN 085 166 721)
Share code on the JSE Limited: TAW
Share code on the Australian Securities Exchange Limited: TAW
(“the Company” or “Tawana”)

Results of General Meeting & Demerger Update

Results of General Meeting

Tawana Resources NL (ASX: TAW) (“Tawana”) today held a General Meeting of shareholders at
10.30am WST at 38 Station St, Subiaco, Western Australia.

In accordance with ASX Listing Rule 3.13.2, we confirm that each of the following resolutions were
put to the General Meeting and were passed on a poll:

Resolution 1      Authorisation of Disposal of Projects
Resolution 2      Approval of Equal Capital Reduction
Resolution 3      Amendment to Constitution

Information required to be disclosed by the Company in accordance with Section 251AA of the
Corporations Act 2001 is contained in Appendix A of this document.

Demerger Update

As stated in the Notice of Meeting for the General Meeting dated 1 June 2018 (as amended by an
addendum dated 28 June 2018) (Notice), Tawana has sought a class ruling from the Australian
Taxation Office (ATO) on behalf of Shareholders to confirm the taxation outcomes of the Demerger
(as defined in the Notice) (the ATO Ruling).

Tawana has no reason to believe that the ATO will not issue a favourable ATO Ruling once the
Demerger has been implemented. Tawana will communicate further details regarding the outcome
of the ATO Ruling in due course.

Accordingly, following Board and Shareholder approval today, Tawana will now proceed to
implement the capital reduction and the Demerger contemplated in the Notice.
The proposed Record Date (13 July 2018) and the date for distribution of shares in Cowan Lithium
Limited to eligible Shareholders (18 July 2018) remain unchanged. The overall timetable for giving
effect to the Demerger is as follows:

Ex date for the capital reduction for JSE                     Wednesday, 11 July 2018
(the date on which trading on JSE commences without the
entitlement to participate in the distribution)

Ex date for the capital reduction for ASX                     Thursday, 12 July 2018
(the date on which Shares commence trading on ASX
without the entitlement to participate in the distribution)

Record Date for capital reduction for both ASX and JSE        Friday, 13 July 2018
Completion of Demerger including in specie distribution of    Wednesday, 18 July 2018
Cowan Shares to Eligible Shareholders

Share certificates for Cowan Shares are posted to Eligible    Monday, 23 July 2018

The above timetable is subject to change at the discretion of the Directors (subject to ASX Listing
Rules) or as may be required by ASX.

For further information please contact +61 8 9489 2600.

The following information is provided in accordance with section 251AA(2) of the Corporations Act
2001 (Cth).

Resolution details                 Instructions given to validly appointed proxies   Number of votes cast on the poll       Resolution
                                                  (as at proxy close)                (where applicable)                     Result
Resolution           Resolution   For            Against       Proxy's     Abstain   For           Against       Abstain*   Carried/
                     type                                                                                                   Not
1 Authorisation      Ordinary     284,077,369    1,039,709   796,123      255,831    288,085,744   1,039,709    255,831     carried
of disposal of                    99.36%         0.36%       0.28%                   99.64%        0.36%
2 Approval of        Ordinary     284,109,080    1,028,838   771,023      260,091    288,092,355   1,028,838    260,091     carried
equal capital                     99.37%         0.36%       0.27%                   99.64%        0.36%
3 Amendment          Special      283,735,201    1,145,209   771,023      517,599    287,718,476   1,145,209    517,599     carried
to Constitution                   99.33%         0.40%       0.27%                                 0.40%

Alexei Fedotov
Company Secretary
Tawana Resources NL

06 July 2018

PricewaterhouseCoopers Corporate Finance (Pty) Ltd

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