Columbus Gold Implements Advance Notice Policy and Provides Details of Annual and Special Meeting
12 March 2014 - 7:19AM
Marketwired
Columbus Gold Implements Advance Notice Policy and Provides Details
of Annual and Special Meeting
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 11, 2014) -
Columbus Gold Corporation (TSX-VENTURE:CGT) ("Columbus Gold").
Columbus Gold announces that its board of directors (the "Board")
has approved an advance notice policy (the "Advance Notice
Policy"). The purpose of the Advance Notice Policy is to provide
shareholders, directors and management of Columbus Gold with a
clear framework for nominating directors of the Columbus Gold.
Columbus Gold is committed to: (i) facilitating an orderly and
efficient annual general or, where the need arises, special
meeting, process; (ii) ensuring that all shareholders receive
adequate notice of the director nominations and sufficient
information regarding all director nominees; and (iii) allowing
shareholders to register an informed vote after having been
afforded reasonable time for appropriate deliberation. The Advance
Notice Policy is intended to further these objectives.
The Advance Notice Policy sets a deadline by which holders of
record of common shares of Columbus Gold must submit director
nominations to Columbus Gold prior to any annual or special meeting
of shareholders, sets forth the information that a shareholder must
include in the notice to Columbus Gold, and establishes 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, notice to
Columbus Gold must be made not less than 30 days nor 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
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 tenth (10th) day following
such public announcement.
The Advance Notice Policy is in full force and effect as of the
date it was approved. As initially filed on SEDAR on February 13,
2014 and amended on March 10, 2014, Columbus Gold has set April 22,
2014 as the date of its 2014 Annual General and Special Meeting
(the "Meeting"). The record date for shareholders entitled to vote
at the Meeting has been set as shareholders of record as at the
close of business on March 10, 2014. At the Meeting shareholders of
Columbus Gold will, among other things, be asked to approve an
alteration to Columbus Gold's articles to include the provisions of
the Advance Notice Policy (the "Alteration"). If the shareholders
approve the Alteration then the Advance Notice Policy will
terminate following the termination of the Meeting and will be
concurrently superseded by the Alteration. If the shareholders do
not approve the Alteration then the Advance Notice Policy will
terminate and be of no further force and effect following the
termination of the Meeting.
For purposes of the Meeting, in accordance with the terms of the
Advance Notice Policy, Columbus Gold has determined that notice of
nominations of persons for election to the Board at the Meeting
must be received by Columbus Gold before the close of business on
March 24, 2014. Such notice must be in the form, and given in the
manner, prescribed by the Advance Notice Policy, and the Corporate
Secretary of Columbus Gold has stipulated james@columbusgroup.com
as an email address for receipt of a notice in the limited context
of a notice submitted in connection with the Meeting.
The full text of the Advance Notice Policy is available under
Columbus Gold's profile on SEDAR at www.sedar.com.
ON BEHALF OF THE BOARD,
Robert F. Giustra, Chairman & CEO
Neither the 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.
Columbus Gold CorporationInvestor Relations604-634-0970 or
1-888-818-1364604-634-0971info@columbusgoldcorp.comwww.columbusgoldcorp.com
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