On January 11, 2018, Mosman Oil & Gas Limited announced that on October 13, 2017 it has formally requisitioned a meeting of the shareholders of Gem International Resources Inc. which meeting has been scheduled for February 9, 2018. Mosman Oil & Gas stated that the purpose of the requisitioned meeting is to remove from office all of the current directors of the Company and to replace them with 3 nominees: John W. Barr, Michael Ballanger, and Campbell Smyth. In addition, Mosman Oil & Gas expressed its view that the current board of directors and management of the Company have consistently failed to act in the best interests of the company and its shareholders.