Looks like the Board have postponed the last of the Matich...

Looks like the Board have postponed the last of the Matich requisitioned meetings ! Reading between the lines of this latest letter, seems Matich has a lot to answer once more about his non disclosure of shareholdings in the company.


25 September 2009


ASX ANNOUNCEMENT

The Company Announcements Office
Australian Stock Exchange Limited

Via E lodgement


Notice of postponed General Meeting
Further to my letter to you of 21 August 2009, I am writing to you to give you notice of the postponement of the shareholder meeting called by Colbern Nominees Pty Ltd for 9 October 2009 to 16 November 2009 at 12 noon at The Esplanade River Suites, 112 Melville Parade, Como.
As required by Blaze’s Constitution a fresh Notice of Meeting in relation to the postponed meeting is enclosed. A new proxy form is also enclosed. If you have already returned the proxy form sent to you by Colbern Nominees and wish to change your vote, you can submit a new proxy form which will have the effect of revoking your prior proxy form.
The reason your Board has decided to postpone the shareholder meeting is the failure by the shareholder who has called the meeting, Colbern Nominees, to comply with its obligations under the Corporations Act to disclose information in relation to the shares it holds in your Company.
As set out in my letter to you of 21 August 2009, Colbern Nominees had disclosed to ASX that it holds shares in Blaze on behalf of the Colbern Trust but had not disclosed to ASX who it holds the shares in trust for.
On 7 September 2009 (nearly a month after Colbern Nominees sent documents to you in relation to the general meeting of Blaze) Colbern Nominees lodged with ASX amended documents which stated that Mrs Marie Therese Matich has held a power of attorney granted by Colbern Nominees since September 2006 and has been the beneficial owner and controller of the shares in Colbern Nominees since at least April 2007.
Under the Corporations Act, Mrs Matich should have disclosed her interest in Blaze within 2 business days after acquiring that interest (ie. nearly 2 and a half years ago).
On 21 September 2009 our lawyers were advised by the lawyers for Colbern Nominees that Mrs Matich is now the sole director, secretary and shareholder of Colbern Nominees and that the Colbern Trust is a discretionary trust. No further information has been provided about the beneficiaries of that trust.
Mrs Matich is the mother of Brett Matich (one of Colbern Nominees’ proposed appointees to your Board) and Dan Matich (Blaze’s former tenement manager). Mrs Matich is the husband of Paul Matich and together with Paul Matich owns all the shares in a company called Brick Investments Pty Ltd, which also holds a significant shareholding in Blaze which Mrs Matich has failed to disclose in the documents lodged with ASX.
Your Board will be seeking urgent orders in the Supreme Court of Western Australia to ensure Colbern Nominees and Mrs Matich comply with their disclosure obligations given Colbern Nominees’ pivotal role in seeking to remove the Board of Blaze and appoint Mrs Matich’s son as a director.
As soon as Blaze has further information to share with you in relation to these matters, I will write to you again to update you. In the meantime, I welcome the opportunity to discuss any queries shareholders have in relation to any of these matters.
Enquiries can be directed to Paul Ryan from FP Third Person on (08) 9386 1233 or by email at [email protected].
Finally, I note that I have received a number of queries from shareholders in relation to Blaze’s exploration activities. Your Board is currently in the process of finalising its annual report to shareholders which will include a comprehensive summary of the Company’s activities and plans for the future. The annual report will be placed on the Company’s website and also mailed to those shareholders who have requested to receive a copy by mail.

Yours sincerely


Vincent Hyde
Executive Chairman