Cougar Minerals Corp. Announces Annual and Special Meeting, Record Date and Adopts Advance Notice Provisions
12 Febrero 2014 - 5:51PM
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February 12, 2014 - Cougar Minerals Corp.
(TSX-V: - COU) - ("Cougar" or the
"Corporation") is pleased
to announce that it will hold an annual and special meeting of
shareholders (the "AGM") on March 18, 2014.
The record date for shareholders entitled to vote at the AGM is
February 7, 2014.
The Corporation also
announces that the board of directors of the Corporation (the
"Board") has approved new by-laws which include advance notice
provisions (the "Advance
Notice Provisions"). The Advance Notice
Provisions require that advance notice be provided to the
Corporation in circumstances where nominations of persons for
election to the Board are made by shareholders of the Corporation
other than pursuant to: (i) a requisition of a meeting of
shareholders made pursuant to the provisions of the
Canada Business Corporations
Act (the "Act"); or (ii) a
shareholder proposal made pursuant to the provisions of the
Act.
The purpose of the
Advance Notice Provisions is to foster a variety of interests of
the shareholders and the Corporation by ensuring that all
shareholders - including those participating in a meeting by proxy
rather than in person - receive adequate notice of the nominations
to be considered at a meeting and can thereby exercise their voting
rights in an informed manner. In addition, the Advance Notice
Provisions should assist in facilitating an orderly and efficient
meeting process. The Advance Notice Provisions provide
shareholders, directors and management of the Corporation with a
clear framework for nominating directors. Among other things, the
Advance Notice Provisions fix a deadline by which holders of common
shares must submit director nominations to the Corporation prior to
any annual or special meeting of shareholders and sets forth the
minimum information that a shareholder must include in the notice
to the Corporation for the notice to be in proper written
form.
In the case of an
annual meeting of shareholders, notice to the Corporation must be
made not less than 30 nor more than 65 days prior to the date of
the annual meeting; provided, however, that in the event the annual
meeting is to be held on a date that is less than 40 days after the
date on which the first public announcement of the date of the
annual meeting was made, notice may be made not later than the
close of business on the 10th day following such public
announcement.
In the case of a
special meeting of shareholders (which is not also an annual
meeting), notice to the Corporation must be made not later than the
close of business on the 15th day following the day on which the
first public announcement of the date of the special meeting was
made.
The Corporation's
by-laws are in full force and effect and will be placed before
shareholders at the AGM for ratification. For purposes of the AGM,
in accordance with the terms of the Advance Notice Provisions, the
Board has determined that notice pursuant to section 4.04(b) of the
by-laws of nominations of persons for election to the Board at the
AGM must be made by February 24, 2014. Such notice must be in the
form, and given in the manner, prescribed by the Advance Notice
Provisions, and the Secretary of the Corporation has
stipulated megan@cougarminerals.com
as an email address for receipt of such a
notice.
Further information
about the Corporation is available on its website
www.cougarminerals.com
This press
release was prepared on behalf of the Board of Directors, which
accepts full responsibility for its content.
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policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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