Trading symbol (TSX-V): RML
VANCOUVER, Jan. 23, 2014 /CNW/ - Rusoro Mining Ltd. (the
"Company" or "Rusoro") (TSXV: RML). announces that at its
Annual General and Special Meeting which was held on December 4, 2013, its shareholders voted to adopt
a new form of Articles which will provide the Company with greater
flexibility for future corporate activities.
The main change from the Company's existing articles is the
inclusion of the advance notice provisions. (the "Advance Notice
Provisions"). The Advance Notice Provisions include, among other
things, a provision that requires advance notice be given to the
Company in circumstances where nomination of persons for election
to the Board are made by shareholders of the Company.
The Advance Notice Provisions set a deadline by which
shareholders must submit nominations (a "Notice") for the election
of directors to the Company prior to any annual or special meeting
of shareholders. The Advance Notice Provisions also set forth
the information that a shareholder must include in the Notice to
the Company, and establish the form in which the shareholder must
submit the Notice for that notice to be in proper written form.
In the case of an annual meeting of shareholders, a Notice must
be provided to the Company not less than 30 days and not more than
65 days prior to the date of the annual meeting. However, 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, a Notice
must be provided to the Company 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 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.
A copy of the Company's new form of Articles containing the
Advance Notice Provisions is available under the Company's profile
on SEDAR at www.sedar.com.
Additional information regarding the nationalization of the
Company's assets in Venezuela and
the Company's ongoing litigation involving the Government of
Venezuela is available on SEDAR
and on the Company's website at www.rusoro.com.
ON BEHALF OF THE BOARD
"Andre Agapov"
Andre Agapov, President &
CEO
Forward-looking statements:
This document contains statements about expected or
anticipated future events and financial results that are
forward-looking in nature and as a result, are subject to certain
risks and uncertainties, such as general economic, market and
business conditions, the regulatory process and actions, technical
issues, new legislation, competitive and general economic factors
and conditions, the uncertainties resulting from potential delays
or changes in plans, the occurrence of unexpected events, and the
Company's capability to execute and implement its future plans.
Actual results may differ materially from those projected by
management. For such statements, we claim the safe harbour for
forward-looking statements within the meaning of the Private
Securities Legislation Reform Act of 1995.
"Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release."
SOURCE Rusoro Mining Ltd.