Notice of AGM, Proxy and Annual Report

Beowulf (AIM: BEM; Aktietorget: BEO), the mineral exploration and development Company focused on the Kallak magnetite iron ore project in northern Sweden and its graphite portfolio in Finland, announces that it has posted today the Annual Report, Notice of Annual General Meeting (“AGM”) and Proxy to shareholders. These documents together with the Notice of AGM, Short Notice and Proxy for Swedish Depository Receipts holders (“SDRs”) can be found in the Investor section of the Company’s website: www.beowulfmining.com.

The Notice of AGM (English), SDR Short Notice (Swedish) and SDR Proxy (English) are reproduced below.

The Annual General Meeting of the Company will be held at the offices of One Advisory Group, 201 Temple Chambers, 3-7 Temple Avenue, London, EC4Y 0DT, United Kingdom, on 29 June 2016 at 10.30 a.m. (BST).

Beowulf Mining plc
Notice of Annual General Meeting

Notice is hereby given that the Annual General Meeting (the "Meeting") of Beowulf Mining plc (the "Company") will be held at the offices of One Advisory Group, 201 Temple Chambers, 3-7 Temple Avenue, London, EC4Y 0DT, United Kingdom on 29 June 2016 at 10.30 a.m. (BST) to transact the following business:
As Ordinary Business

1    To receive and consider the Company's audited accounts for the year ended 31 December 2015 and the directors' of the Company (“Director(s)”) and auditors' reports thereon.
2    To consider and approve the Remuneration Report as detailed in the Company’s annual report and accounts.
3    To re-appoint BDO LLP as auditor and authorise the Directors to fix the auditor’s remuneration.
4    To re-elect Kurt Budge, who is retiring by rotation, as a Director.
5    To re-appoint Christopher Davies as a Director.

As Special Business

To consider and if thought fit to pass the following Resolution which will be proposed as an Ordinary Resolution:

Ordinary Resolution    

6    That the Directors be generally and unconditionally authorised to allot equity securities (as defined in section 560 of the Companies Act 2006):
6.1    in the case of ordinary shares in the Company, having a nominal amount; and
6.2    in the case of other equity securities, giving the right to subscribe for or convert into ordinary shares in the Company having a nominal amount,
not exceeding, in aggregate, £1,198,242 provided that the power granted by this resolution shall expire on the conclusion of the Company's next annual general meeting (unless renewed, varied or revoked by the Company prior to or on such date) save that the Company may, before such expiry make offers or agreements which would or might require equity securities to be allotted after such expiry and the Directors may allot equity securities in pursuance of any such offer or agreement notwithstanding that the power conferred by this resolution has expired.

This resolution revokes and replaces all unexercised authorities previously granted to the Directors to allot equity securities but without prejudice to any allotment of shares or grant of rights already made, offered or agreed to be made pursuant to such authorities.
To consider and if thought fit to pass the following Resolution which will be proposed as a Special Resolution:

Special Resolution

7    That, subject to the passing of resolution 6, the Directors be given the general power to allot equity securities (as defined by section 560 of the Companies Act 2006) for cash, either pursuant to the authority conferred by resolution 6 or by way of a sale of treasury shares, as if section 561(1) of the Companies Act 2006 did not apply to any such allotment, provided that this power shall be limited to the allotment of equity securities having:
7.1    in the case of ordinary shares in the Company, having a nominal amount; and
7.2    in the case of other equity securities, giving the right to subscribe for or convert into ordinary shares in the Company having a nominal amount,
not exceeding, in aggregate, £1,198,242 provided that the power granted by this resolution shall expire on the conclusion of the Company's next annual general meeting (unless renewed, varied or revoked by the Company prior to or on such date) save that the Company may, before such expiry make offers or agreements which would or might require equity securities to be allotted after such expiry and the Directors may allot equity securities in pursuance of any such offer or agreement notwithstanding that the power conferred by this resolution has expired.

By order of the Board

Liam O’Donoghue
Company Secretary
Beowulf Mining plc
201 Temple Chambers
3-7 Temple Avenue
London  
EC4Y 0DT
United Kingdom

3 June 2016

Enquiries:

Beowulf Mining plc    
Kurt Budge, Chief Executive Officer    Tel: +44 (0) 20 3771 6993
Cantor Fitzgerald Europe
(Nominated Advisor & Joint Broker)    
Stewart Dickson / Phil Davies / Carrie Drummond    Tel: +44 (0) 20 7894 7000
Beaufort Securities Limited
(Joint Broker)    
Jon Belliss    Tel: +44 (0) 20 7382 8300
Blytheweigh      
Tim Blythe / Megan Ray      Tel: +44 (0) 20 7138 3204

Cautionary Statement

Statements and assumptions made in this document with respect to the Company’s current plans, estimates, strategies and beliefs, and other statements that are not historical facts, are forward-looking statements about the future performance of Beowulf. Forward-looking statements include, but are not limited to, those using words such as "may", "might", "seeks", "expects", "anticipates", "estimates", "believes", "projects", "plans", strategy", "forecast" and similar expressions. These statements reflect management's expectations and assumptions in light of currently available information. They are subject to a number of risks and uncertainties, including, but not limited to, (i) changes in the economic, regulatory and political environments in the countries where Beowulf operates; (ii) changes relating to the geological information available in respect of the various projects undertaken; (iii) Beowulf’s continued ability to secure enough financing to carry on its operations as a going concern; (iv) the success of its potential joint ventures and alliances, if any; (v) metal prices, particularly as regards iron ore. In the light of the many risks and uncertainties surrounding any mineral project at an early stage of its development, the actual results could differ materially from those presented and forecast in this document. Beowulf assumes no unconditional obligation to immediately update any such statements and/or forecasts.