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AIM RULE 26

The following information is being disclosed for the purposes of Rule 26 of the AIM Rules for Companies. (Last Updated: 13 November 2017)

Name: LANDORE RESOURCES LIMITED

Registration: Island of Guernsey on the 16th day of February 2005, pursuant to an Act of the Royal Court of the island. Company registered number 42821.

Main Country of Operation: United Kingdom

Other countries of Operation: Canada, United States of America

Description of Business: Landore Resources Limited (Landore) is an AIM listed (trading symbol LND.L) holding company for its 100% owned reporting subsidiary Landore Resources Canada Inc. (Landore Canada).

Landore Canada is engaged in mineral exploration and development, with the present focus of its operations being mineral exploration in the provinces of Ontario, Quebec and New Brunswick. Landore Canada's principal properties are the Junior Lake Property and the Miminiska Lake Property, both located in the Thunder Bay Mining District of Ontario. Landore Canada is also the owner of other properties in Canada and Nevada in the U.S. containing gold and base metal drill intersections.

Landore's objective is to become a successful mineral explorer and create capital growth for shareholders through the discovery of economic mineral deposits.

Directors: The names and brief biographical details of Landore's directors can be accessed on our Board & Management page.

Corporate Governance

The Ordinary Shares of the Company were traded on AIM from 6 April 2005. The Group has adopted a framework for corporate governance which it believes is suitable for a company of its size and which aims to ensure it complies with the UK Corporate Governance Code, in so far as is appropriate having regard to the size and nature of the Group, prepared by the Financial Reporting Council. However, the following statements are made in respect of corporate governance: The Company is managed by the Board of Directors. The function of the Chairman is to supervise the Board and to ensure that the Board has control of the business, and that of the Chief Executive Officer is to manage the Company on the Board's behalf.

To conform to accepted corporate governance standards, there are three Non-Executive Board members.

All Board members have access, at all times, to sufficient information about the business to enable them to fully discharge their duties. Also, procedures exist covering the circumstances under which the Directors may need to obtain independent professional advice at the Company's expense.

Landore Resources Limited's current corporate governance arrangements are fully disclosed in the Corporate Governance Report in the latest Annual Report.

The Board has several established Committees to fulfill specific functions:

The Audit Committee

The audit committee comprises Charles Wilkinson, William Humphries and Helen Green and is chaired by Charles Wilkinson. The audit committee receives and reviews reports from management and from the Company's auditors relating to the interim and annual accounts and to the internal control procedures in use throughout the Company.

The Remuneration Committee

The remuneration committee comprises Charles Wilkinson, Helen Green and William Humphries. The remuneration committee is chaired by Helen Green and determines and reviews the terms and conditions of service (including remuneration) to executive Directors and employees and the grant of options under the Share Option Scheme.

The Board has overall responsibility for the Company's system of internal control. However, such a system is designed to manage rather than eliminate the risk of failure to achieve business objectives, and can only provide reasonable and not absolute assurance against material misstatement.

There is close day-to-day involvement by the Directors in theCompany's activities. This includes the comprehensive review of both management and technical reports, the monitoring of foreign exchange and interest rate fluctuations, environmental considerations, government and fiscal policy issues, employment and information technology requirements and cash control procedures.

The Technical Directors make frequent site visits. In this way the key risk areas can be monitored effectively and specialist expertise applied in a timely and productive manner.

The services of Mr Humphries and Mr Prickett are provided under the terms of consultancy agreements which provide for six months' notice of termination. Mr Wilkinson and Ms Green have appointment letters which are terminable without notice.

The Company maintains effective contact with principal shareholders and welcomes communications from private investors. News releases together with other information about the Company are available to the shareholders on the Company's website. Shareholders are encouraged to attend the Annual General Meeting, at which time there is an opportunity for discussion with members of the Board.

CONSTITUTIONAL DOCUMENTS:

Articles of Incorporation: Click to View

ADVISERS

Auditor:Grant Thornton Lt., P.O. Box 313, Lefebvre Street, St. Peter Port, Guernsey, GY1 3TF

Solicitors: Stephenson Harwood LLP, 1 Finsbury Circus, London, EC2M 7SH

Registrars and transfer agents:Rysaffe International Services Limited, P.O. Box 141, La Tonnelle House, Les Banques, St. Samson, Guernsey, GY1 3HS

Nominated Advisor & Broker: Strand Hanson Limited - 26 Mount Row, London W1K 3SQ

Admission Documents: A copy of the Company's admission document can be downloaded here.

News Releases and Notifications to AIM: Find them on our press release web page.

SHARES IN ISSUE

Shares: 835,915,779 Ordinary Shares of 1p each one.

Lock-In Agreements: There are no lock-in agreements.

Substantial and Significant Shareholders: Find details in the following chart:

The Company is aware of the following holdings of more than 3% of the share capital of the Company as at 13th November 2017:

Shareholder name Percentage of issued share capital
Taheh International Ltd
Arconas International Ltd
W Humphries
HSBC Global Custody Nominees (UK) Ltd
Vidacos Nominees Ltd. a/c FGN
Luna Nominees Ltd.
Lu Wing Chi
14.3%
13.3%
8.5%
7.0%
4.7%
4.7%
3.4%

Details of other exchanges or trading platforms: The securities of Landore Resources Limited are traded on AIM, the market of that name operated by the London Stock Exchange Plc. Its shares have not been admitted, nor have any applications been made, for any of its shares to be admitted or traded on any other exchanges or trading platforms.

Percentage of AIM securities not in public hands: 26.9%

Restrictions on the transfer of the company's AIM securities: None.

Shareholders Rights: Landore Resources Limited is a company incorporated in Guernsey and shareholder rights may therefore differ from the rights of shareholders incorporated in England and Wales.

UK City Code on Takeovers and Mergers: Landore Resources Ltd is subject to the UK City Code on Takeovers and Mergers

Financials: See Annual Report

Last Updated Date: 13 November 2017