26 Nov

Results of Meeting

ASX Code: VAR Web - www.variscan.com.au ASX Announcement – 2 5 November 202 1 RE SULTS OF ANNUAL GENERAL MEETING Variscan Mines Limited (“Variscan” or the “Company”) advises th at all resolutions put to shareholders at today’s Annual General Meeting were passed on a poll . The details of the voting are set out in Appendix A. Details of Proxies received In accordance with Section 251AA(1) of the Corporations Act, a schedule of valid proxies received for the meeting is set out in Appendix B . This announcement has been authorised for issue by Mark Pitts, Company Secretary, Variscan Mines Limited. For further information: Mr Mark Pitts Director / Company Secretary Variscan Mines Limited P: +61 8 9316 9100 E: info@variscan.com.au SC Page | 2 RESULTS OF THE MEETING APPENDIX A Resolution For Against Excluded/ Abstain Result 1 Remuneration Report 32,461,035 99.60% 130,224 0.40% 18,563,840 Passed 2 Re - election of Director – Foo Fatt Kah 44,925,858 99.98% 8,885 0.02% 6,220,356 Passed 3 Election of Director – Nicholas Farr - Jones 49,950,552 99.70% 1,177,297 2.30% 27,250 Passed 4 Approval of 10% Placement Capacity 51,092,209 99.88% 62,890 0.12% - Passed 5 Approval of new Employee Securities Incentive Plan 32,762,042 95.89% 1,403,470 4.11% 16,989,587 Passed 6 Approval of potential termination benefits under the Plan 31,959,673 93.51% 2,217,762 6.49% 16,977,664 Passed 7 Issue of Options – Foo Fatt Kah 40,878,431 96.67% 1,409,470 3.33% 8,867,198 Passed 8 Issue of Options – Stewart Dickson 38,570,765 96.49% 1,404,470 3.51% 11,179,864 Passed 9 Issue of Options – Michael Moore 45,107,751 96.98% 1,404,470 3.02% 4,642,878 Passed 10 Issue of Options – Nicholas Farr - Jones 45,911,449 97.03% 1,404,470 2.97% 3,839,180 Passed Page | 3 SCHEDULE OF PROXIES RECEIVED FOR THE MEETING APPENDIX B Resolution For Against Discretionary Excluded/ Abstain 1 Remuneration Report 25,338,946 130,224 7,122,089 18,563,840 2 Re - election of Director – Foo Fatt Kah 30,257,337 8,885 14,668,521 6,220,356 3 Election of Director – Nicholas Farr - Jones 35,282,031 1,177,297 14,668,521 27,250 4 Approval of 10% Placement Capacity 36,422,688 62,890 14,669,521 0 5 Approval of new Employee Securities Incentive Plan 18,093,521 1,403,470 14,668,521 16,989,587 6 Approval of potential termination benefits under the Plan 17,291,152 2,217,762 14,668,521 16,977,664 7 Issue of Options – Foo Fatt Kah 26,209,910 1,409,470 14,668,521 8,867,198 8 Issue of Options – Stewart Dickson 23,902,244 1,404,470 14,668,521 11,179,864 9 Issue of Options – Michael Moore 30,439,230 1,404,470 14,668,521 4,642,878 10 Issue of Options – Nicholas Farr - Jones 31,242,928 1,404,470 14,668,521 3,839,180
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