AUV

Augyva Mining Resources Inc. (TSX VENTURE:AUV) ("Augyva" or the "Company")
announces that it will hold its annual and special meeting of shareholders on
August 29, 2012 (the "Meeting") and has sent a management information circular
and related proxy materials to shareholders of record. The Company has fixed
July 25, 2012 as the record date for determining shareholders entitled to
receive notice of and to vote at the Meeting.


The Meeting will include special business relating to the implementation of an
amended and restated stock option plan (the "Amended Plan") and the ratification
of an updated general by-law of the Company (the "Updated By-Law"). The proposed
changes to the Amended Plan are aimed at ensuring consistency with the rules and
policies of the TSX Venture Exchange.  


The Updated By-Law, which was approved by the Company's board of directors,
amends and restates the Company's current By-Law No. 2008, relating generally to
the conduct of the affairs of the Company. Among other things, the Updated
By-Law: (a) increases the level of shareholder participation required to make
quorum at a shareholders' meeting from 5% to 10% of the Company's issued and
outstanding shares; and (b) includes a provision that requires advance notice to
the Company in circumstances where nominations of persons for election to the
board of directors are made by shareholders of the Company other than pursuant
to a requisition of a meeting made pursuant to the provisions of the Canada
Business Corporations Act (the "Act") or a shareholder proposal made pursuant to
the provisions of the Act (the "Advance Notice Requirement"). 


The Advance Notice Requirement 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
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 thirty (30) nor more than sixty-five (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 fifty (50) days after the date
on which the first public announcement of the date of the annual meeting was
made, notice may be made no later than the close of business on the tenth (10th)
day following such public announcement. 


Notwithstanding the foregoing, with respect to the Meeting, any notice delivered
to the Company prior to the close of business on August 13, 2012 shall be deemed
to have been timely delivered under the Advance Notice Requirement.


In accordance with the Act, adoption of the Updated By-Law is subject to
ratification by shareholders at the Meeting. The full text of the Updated By-Law
is available on SEDAR at www.sedar.com.


About Augyva Mining Resources Inc. 

Augyva is an exploration and development company holding five (5) properties in
the James Bay and Abitibi regions of Quebec.


The Company's major project is a 49% interest in the world class Duncan Lake
Iron Ore Project located in the western part of the La Grande Greenstone Belt
which is subject to a Joint Venture and Option agreement with Canadian Century
Iron Ore Corporation. Century has earned a 51% interest in the property and is
continuing expenditures to increase their interest to 65%. Both NI43-101 reports
and a preliminary economic assessment for the property are expected in summer
2012. 


Cautionary Statement

This news release may contain certain forward-looking information. All
statements included herein, other than statements of historical fact, are
forward-looking information and such information involves various risks and
uncertainties. There can be no assurance that such information will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such information. A description of assumptions used to
develop such forward-looking information and a description of risk factors that
may cause actual results to differ materially from forward-looking information
can be found in Augyva's disclosure documents on the SEDAR website at
www.sedar.com. Augyva does not undertake to update any forward looking
information except in accordance with applicable securities laws.

Augyva Mining Resources Inc. (TSXV:AUV)
Historical Stock Chart
From Jun 2024 to Jul 2024

Augyva Mining Resources Inc. (TSXV:AUV)
Historical Stock Chart
From Jul 2023 to Jul 2024