Okay. Welcome, everybody. Good afternoon. My name is Tony Di Pietro, and I am the Secretary of EQ Resources Limited, and it's my pleasure to welcome you to the General Meeting of EQ Resources Limited. In accordance with the company's constitution, this meeting is being held virtually. Shareholders will be able to participate, ask questions, and cast direct votes at the appropriate times whilst the meeting is in progress. We have complied with the relevant requirements for convening this meeting and confirm that a quorum is present. As the time is now 3:30 P.M., I formally declare the meeting open. I'd like to introduce the company's directors: Mr. Oliver Kleinhempel, Non-Executive Chairman; Mr. Stephen Layton, Non-Executive Director; Mr. Zhui Pei Yeo, Non-Executive Director; Mr. Stephen Weir, Non-Executive Director; and Mr. Craig Bradshaw, Managing Director.
The Notice of EGM has been provided to shareholders in accordance with the company's constitution, and a copy is available on the company's website and the ASX Market Announcements platform. I will take the Notice of Meeting and explanatory statements sent to shareholders as read. The format of today's meeting is a compliance meeting. Only those questions related to the form of business of meeting will be addressed. If any questions which you feel were not addressed at today's meeting, we invite shareholders to contact the company via phone or email. The order of business is a Q&A, voting, and poll procedure overview. Consideration of the form of business at today's agenda, on today's agenda, I should say. We will then proceed to Q&A session on the items of business, following which shareholders will be provided with an additional 30 seconds to vote on the Resolutions.
Shareholders will be able to participate via the live webcast of the meeting. Shareholders can ask questions and cast direct votes at the appropriate times whilst the meeting is in progress. I will now outline the poll voting and Q&A procedures for today's meeting. With regards to the poll procedures, we will open voting at the commencement of the form of business so that your votes can be cast during the form of business section of the meeting. For those proxy holders, shareholders, and authorized representatives who have not voted prior to the meeting, please cast your votes at each of the Resolutions when the poll is open. Shareholders wishing to ask written questions, select the Q&A icon located at the bottom of your screen and type your questions in the Ask Question box and press the send arrow. Your questions will be addressed at the appropriate time.
Shareholders wishing to speak and ask a question, an audio questions facility is available during the meeting. Please select the raise hand icon located at the bottom of your screen. You will be placed in queue and authorized to speak when we reach the Q&A session. Regarding voting on today's Resolutions, all shareholders, proxy holders, authorized corporate representatives, and attorneys of shareholders who are entitled to vote will be able to vote via the webinar poll. For those proxy holders, shareholders, and authorized corporate representatives in attendance via the webinar forum who have not yet voted prior to the meeting, please cast your votes on each of the Resolutions when the poll is open. A voting box will open on your screen on launch of the poll.
It is important to note that if you have lodged a proxy form and voted prior to the meeting, you do not need to vote again at this meeting unless you wish to change your proxy instruction. For proxy holders, you will have a summary of proxy votes which detail the voting instructions, if any, for the items of business. By completing the voting via the webinar poll, when instructed to vote in a particular way, you are deemed to have voted in accordance with those instructions. If the Chair has been appointed proxy on behalf of the shareholders, the Chair intends to vote in favor of all Resolutions. When the poll is declared open, a poll window will appear. To vote, simply select the direction in which you would like to cast your vote. The selected option will be marked. To submit your vote, simply click the submit button.
You will have the ability to change your vote up until the time voting is closed. We will now turn to the form of business of meeting. If you have a question on any items of business, please follow the questions process as previously outlined. We will address your question at the conclusion of the form of business. I will now launch the poll. I will now refer to Resolution 1, which relates to the approval of the issue of shares to Oaktree Capital Management L.P. In respect of this item of business, the proxies received are displayed on the screen. I move that. Shareholders consider any thought fit, pass the ordinary Resolution. I refer to Resolution 2, which relates to the approval to issue 113.8 million options to lead managers in connection with the placement.
In respect of this item of business, the proxies received are displayed on the screen. I move that shareholders consider any thought fit, pass the ordinary Resolution. Onto Resolution 3, which relates to the ratification of placement shares. In respect to this item of business, the proxies received are displayed on your screen. I move that shareholders consider any thought fit, pass the ordinary Resolution. We'll now go on to shareholder questions. We remind shareholders that this is a compliance meeting and will only be taking questions on the formal items of business. If you have a question on the company's operations, please submit your question in writing to our investor relations team, and we will respond to you. Does any shareholder have any questions on the Resolutions? Just looking here. We haven't had any questions come through from shareholders. I don't see any raised hands questions as well.
As there are no questions, that concludes the Q&A session for the formal part of this meeting. Since there are no further questions, we will provide shareholders with an additional 30 seconds for poll voting to be completed. Okay, I think that's good. Past that period of time, I need to declare the poll closed. Once the poll results have been processed, we will announce the results later today on the ASX Market Announcements platform. We thank you for your attendance, and we look forward to your continued.