Claim Post Shareholders Approve Advance Notice By-Law
09 Diciembre 2013 - 5:30PM
Marketwired
Claim Post Shareholders Approve Advance Notice By-Law
TORONTO, ONTARIO--(Marketwired - Dec 9, 2013) - Claim Post
Resources Inc. (TSX-VENTURE:CPS) (the "Company") announces the
approval of an amendment to its By-Laws by the shareholders of the
Company.
By-Law No. 2013-1 includes a provision that requires advance
notice to the Company in circumstances where nominations of persons
for election to the Board are made by shareholders of the Company
other than pursuant to (i) a requisition to call a shareholders
meeting made pursuant to the provisions of the Business
Corporations Act (Ontario) (the "OBCA"), or (ii) a shareholder
proposal made pursuant to the provisions of the OBCA (the "Advance
Notice Provision").
Among other things, the Advance Notice Provision fixes a
deadline by which holders of record of common shares of the Company
must submit Director nominations to the Company prior to any annual
or special meeting of shareholders and sets forth the information
that a shareholder must include in the notice to the Company for
the notice to be in proper written form.
In the case of an annual meeting of shareholders, notice to the
Company 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 that the annual meeting is to be held on a date that is less
than 50 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 Company must be made no
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 Advance Notice Provision provides a clear process for
shareholders to follow to nominate Directors and sets out a
reasonable time frame for nominee submissions along with a
requirement for accompanying information. The purpose of the
Advance Notice Provision is to treat all shareholders fairly 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 Provision should assist in facilitating an
orderly and efficient meeting process.
A copy of the By-Law has been filed under the Company's profile
at www.sedar.com.
Claim Post Resources Inc. is a Canadian based mineral
exploration company and a reporting issuer in Ontario, Alberta and
British Columbia, focused on becoming a leading provider of premium
white silica sand proppant to oil operations on the Canadian side
of the Williston Basin (southwestern Manitoba and across southern
Saskatchewan), and natural gas operations in the Montney and Horn
River basins along the Alberta - British Columbia border from its
Seymourville Frac Sand Project, located northeast of Winnipeg,
Manitoba. The Company also holds interest in the minerals claims
that are prospective for base and precious metals, wholly within
the city limits of Timmins, Ontario. There are 90,092,164 common
shares of the Company issued and outstanding.
Statements in this release that are forward-looking reflect
the Company's current views and expectations with respect to its
performance, business, and future events. Such statements are
subject to various risks and assumptions, some, but not necessarily
all, are disclosed elsewhere in the Company's periodic filings with
Canadian securities regulators. Such statements and information
contained herein represent management's best judgment as of the
date hereof based on the information currently available; however
actual results and events may vary significantly. The Company does
not assume the obligation to update any forward-looking
statement.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Claim Post Resources Inc.Charles GrybaPresident and
Director416-203-1681Claim Post Resources Inc.Peter GrybaCorporate
Affairs416-203-3776www.claimpostresources.com
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