Print   

30 November 2009

LEYSHON RESOURCES LIMITED

ALL RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING

Leyshon Resources Limited (AIM/ASX:LRL) is pleased to report that all resolutions put to shareholders were overwhelmingly passed at the Annual General Meeting held today at 11.30am at 36 Outram Street, West Perth, Western Australia.

The Company received proxies representing 24% of the ordinary fully paid shares on issue of which over 97% voted in favour of the sale of the interest in the Zheng Guang Gold Project and of the proposed Investing Policy.

The Company is now focused on completing the sale. Excellent progress has been made in obtaining the necessary approvals and it is anticipated that the sale will complete much sooner than previously advised.

Following completion of the sale, the Company intends to proceed with an on market buy-back of shares and will advise further details in due course.

In addition the Company is pleased with the deal flow it has received to date and is actively working on a number of potential investment opportunities which have the potential to fit its investment criteria.

Managing Director Paul Atherley commented: "Following the sale we will have in excess of US$44 million in cash which will enable us to draw on our six years' experience in China to identify projects located in those countries and commodities which are of interest to Chinese groups.

We will continue to be located in Beijing and will work closely with Chinese technical, investment and regulatory groups in assessing early stage projects which have the potential to meet Chinese development criteria."

The results of the meeting were as follows:

Resolution 1:    To adopt the Remuneration Report    Passed on Hands

Resolution 2:    Re-election of Mr Richard Seville as Director    Passed on Hands

Resolution 3:    Authorisation for disposal of the Company's 70%
                         Interest in Black Dragon Mining Company Limited    Passed on Hands

Resolution 4:    Approval of Company's Investing Policy    Passed on Hands

 In accordance with ASX Listing Rule 3.13.2 and Section 251AA of the Corporations Act, we advise that proxy votes were received as follows:

	For	Against	Proxy Discretion	Abstain	Total
Resolution 1	45,271,724	2,417,433	55,180	5,200,000	52,944,337
Resolution 2	51,642,157	97,000	55,180	1,150,000	52,944,337
Resolution 3	51,647,157	1,262,000	15,180	20,000	52,944,337
Resolution 4	51,446,157	1,447,000	15,180	36,000	52,944,337

ENDRAGBMBLTMMTJMTL