Summary of Unico Silver (USL) 2025 Extraordinary General Meeting Company Overview - **Company**: Unico Silver (USL) - **Meeting Date**: August 13, 2025 - **Format**: Virtual meeting Key Points Discussed Meeting Procedures - A quorum was confirmed, and the meeting was officially opened [1] - Shareholders were informed about the procedures for asking questions and voting during the meeting [2][3][4] Resolutions Proposed - **Resolution 1**: Ratification of prior issue of placement shares was proposed [8] - **Resolution 2**: Adoption of non-executive director remuneration pool was proposed [9][10] Shareholder Questions and Responses - **Question on Delay for Shareholder Approval**: A shareholder questioned the delay in seeking approval for a $22.5 million placement at 27¢ announced in November, suggesting it was either unnecessary or indicative of another upcoming placement [11] - **Response**: The company explained that the delay was due to the expansion of the board and the need to refresh placement capacity to attract talent as they transition from explorer to developer [12][13] - **Retail Shareholder Participation**: A question was raised about why retail shareholders were not offered the same terms as institutional participants in a $30,000 share purchase plan (SPP) [14] - **Response**: The company stated that the November placement was institutional-led, which increased institutional ownership from approximately 4-5% to just under 20%. They emphasized the importance of raising funds under strong market conditions [15][16][17] - **Cost-Effectiveness of Capital Raising**: A question was posed regarding the use of three brokers for the placement and whether it was the most cost-effective method [18] - **Response**: The company confirmed that using three brokers was indeed the most cost-effective way to raise capital for a junior company under $100 million on the ASX [19] - **Use of Increased Fee Cap**: A question was asked about how the $100,000 increase in the fee cap would be utilized to attract and retain independent directors [20] - **Response**: The company indicated that they are transitioning from an exploration-focused company to one that requires more technical expertise, and they plan to bring in additional non-executive directors or corporate advisers to assist in engineering and feasibility aspects [21] Conclusion of Meeting - The Q&A session concluded, and shareholders were given additional time to vote on the resolutions [22][23] - The poll was closed, and results would be announced later on the ASX market announcements platform [24][25] Additional Notes - The meeting emphasized the company's strategic transition and the importance of institutional investment for future growth [15][16] - The focus on attracting technical expertise reflects the company's shift towards more complex mining operations [21]

Core Points - Hepsor AS plans to acquire a 20% minority shareholding in Hepsor Latvia OÜ from Hugomon OÜ, represented by Martti Krass, to align management interests with the company [1][5] - The company will pay €20,000 in cash and issue 57,821 new shares to Hugomon OÜ as part of the transaction [9] - The company’s current share capital is €3,854,701, divided into 3,854,701 ordinary shares, each granting one vote [4] Shareholder Voting Process - Shareholders must submit their votes digitally or in hard copy by June 12, 2025, at 11:59 PM Estonian time [3][15] - Voting forms must be signed digitally or submitted with a handwritten signature, and additional identification may be required for representatives [10][11] - The voting form and related documents are available on the company's website [12] Proposed Resolutions - Approval of the acquisition of the minority shareholding in Hepsor Latvia OÜ [5] - Amendment of the articles of association to facilitate the transaction [6][7] - Exclusion of pre-emptive subscription rights for existing shareholders regarding the new shares issued [7][9] Company Overview - Hepsor AS is a developer of residential and commercial real estate operating in Estonia, Latvia, and Canada [14] - The company has developed 2,076 homes and nearly 36,300 square meters of commercial space over fourteen years [14] - Hepsor is recognized for implementing innovative engineering solutions to enhance energy efficiency in its buildings [14]