SBM 1.52% $3.02 st barbara limited

more dilution!!!!

  1. 12,910 Posts.
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    Now I understand why the price has continued to fall...

    ST BARBARA MINES LIMITED 2003-05-08 ASX-SIGNAL-G

    HOMEX - Perth

    +++++++++++++++++++++++++
    NOTICE OF EXTRAORDINARY GENERAL MEETING

    Notice is given that the Extraordinary General Meeting of members of
    St Barbara Mines Limited (ABN 36 009 165 066) ("Company") will be
    held at the Conference Suite, Level 8, Exchange Plaza, 2 The
    Esplanade, Perth, Western Australia on Friday, 6 June 2003 at 10.00
    a.m.

    An Explanatory Memorandum containing information in relation to each
    of Resolutions 1 to 8 accompanies this Notice of Extraordinary
    General Meeting. Unless otherwise defined, terms used in this Notice
    of Extraordinary General Meeting are defined in, and are to be
    interpreted in accordance with the Explanatory Memorandum.

    AGENDA

    Resolution 1: RATIFICATION OF ISSUE OF SHARES AND OPTIONS

    To consider and, if thought fit, pass with or without amendment, the
    following resolution as an ordinary resolution:

    "That, for the purpose of Listing Rule 7.4 of the Listing Rules of
    ASX and all other relevant purposes, the Company ratifies the issue
    of 7,327,822 fully paid ordinary shares and 7,327,881 options to
    acquire fully paid ordinary shares in the capital of the Company to
    Resource Capital Fund II on the terms and conditions set out in the
    Explanatory Memorandum that forms part of this Notice of
    Extraordinary General Meeting."

    Resolution 2: AUTHORITY FOR ISSUE OF OPTIONS

    To consider and, if thought fit, pass with or without amendment, the
    following resolution as an ordinary resolution:

    "That, for the purpose of Listing Rule 7.1 of the Listing Rules of
    ASX and all other relevant purposes, the Company authorises the issue
    of 17,752,662 options to acquire fully paid ordinary shares in the
    capital of the Company to Resource Capital Fund II on the terms and
    conditions set out in the Explanatory Memorandum that forms part of
    this Notice of Extraordinary General Meeting."

    Resolution 3: RATIFICATION OF ISSUE OF SHARES

    To consider and, if thought fit, pass with or without amendment, the
    following resolution as an ordinary resolution:

    "That, for the purposes of Listing Rule 7.4 of the Listing Rules of
    ASX and for all other relevant purposes, the Company ratifies the
    issue of 280,140 fully paid ordinary shares in the capital of the
    Company to Grimwood Davies Pty Ltd on 17 October 2002 at an issue
    price of 19.73 cents per share and otherwise on the terms and
    conditions set out in the Explanatory Memorandum that forms part of
    this Notice of General Meeting."

    Resolution 4: RATIFICATION OF ISSUE OF SHARES

    To consider and, if thought fit, pass with or without amendment, the
    following resolution as an ordinary resolution:

    "That, for the purposes of Listing Rule 7.4 of the Listing Rules of
    ASX and for all other relevant purposes, the Company ratifies the
    issue of 15,000,000 fully paid ordinary shares in the capital of the
    Company to Citibank Nominees Pty Ltd on 31 January 2003 at an issue
    price of 11 cents per share and otherwise on the terms and conditions
    set out in the Explanatory Memorandum that forms part of this Notice
    of General Meeting."

    Resolution 5: RATIFICATION OF ISSUE OF SHARES

    To consider and, if thought fit, pass with or without amendment, the
    following resolution as an ordinary resolution:

    "That, for the purposes of Listing Rule 7.4 of the Listing Rules of
    ASX and for all other relevant purposes, the Company ratifies the
    issue of 5,600,000 fully paid ordinary shares in the capital of the
    Company to Yamaji Marla Barna Baba Maaja Aboriginal Corporation as
    Trustee for the Puutu Kunti Kurrama Pinikura people on 17 February
    2003 at an issue price of 11 cents per share and otherwise on the
    terms and conditions set out in the Explanatory Memorandum that forms
    part of this Notice of General Meeting."

    Resolution 6: RATIFICATION OF ISSUE OF CONVERTIBLE NOTE

    To consider and, if thought fit, pass with or without amendment, the
    following resolution as an ordinary resolution:

    "That, for the purposes of Listing Rule 7.4 of the Listing Rules of
    ASX and for all other relevant purposes, the Company ratifies the
    issue of a Convertible Note to Ocean Resources Capital Holdings
    Limited on 27 February 2003 with a face value of $2,800,000 and
    otherwise on the terms and conditions set out in the Explanatory
    Memorandum that forms part of this Notice of General Meeting."

    Resolution 7: AUTHORITY FOR ISSUE OF SHARES - CONVERTIBLE LOAN

    To consider and, if thought fit, pass with or without amendment, the
    following resolution as an ordinary resolution:

    "That, for the purposes of Listing Rule 7.1 of the Listing Rules of
    ASX and for all other relevant purposes, the Company authorises the
    issue of up to 43,076,923 fully paid ordinary shares in the capital
    of the Company to Ocean Resources Capital Holdings Limited pursuant
    to the conversion of the Convertible Loan issued to Ocean Resources
    Capital Holdings Limited and otherwise on such terms as are set out
    in the Explanatory Memorandum that forms part of this Notice of
    General Meeting."

    Resolution 8: ADOPTION OF NEW CONSTITUTION

    To consider and, if thought fit, pass with or without amendment, the
    following resolution as a special resolution:

    "That, in accordance with section 136(2) of the Corporations Act, the
    regulations contained in the printed document produced to this
    Meeting and signed by the Chairman for identification purposes are
    hereby approved and adopted as the Constitution of the Company in
    substitution for and to the exclusion of the existing Articles of
    Association of the Company."

    In order to determine voting entitlements, the register of
    shareholders will be closed at 10.00 a.m. on Wednesday, 4 June 2003.

    BY ORDER OF THE BOARD


    Alan Rule
    COMPANY SECRETARY
    Date: 5 May 2003


 
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