Mandalay Resources (MND) EGM 2025 summary

Opening remarks and agenda

• Meeting convened virtually to facilitate shareholder participation and ensure accessibility.

• Notice of meeting and management information circular were distributed to all shareholders of record as of June 20, 2025.

• Quorum confirmed and meeting declared properly constituted for business.

Specific resolutions to be voted on

• Special resolution to approve an arrangement under which 1536968 B.C. Ltd, a subsidiary of Alkane, will acquire all issued and outstanding shares.

• Shareholders to receive 7.875 fully paid ordinary shares of Alkane for each share held.

• Resolution required approval by at least 2/3 of votes cast.

Corporate governance

• Chair appointed secretary and scrutineers for the meeting with consent.

• Voting conducted electronically, with prior proxy votes recognized.

• Scrutineers' reports and affidavits to be annexed to meeting minutes.