VANCOUVER,
April 15, 2013 /CNW/ - First
Mexican Gold Corp. (TSX-V: FMG) (the "Company") announces the
approval and adoption by its Board of Directors of an advance
notice policy (the "Policy"). The purpose of the Policy is to
provide shareholders, directors and management of the Company with
a clear framework for nominating directors of the Company.
The Company 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
Policy is intended to further these objectives.
The Policy, among other things, includes a
provision that requires advance notice to the Company in certain
circumstances where nominations of persons for election to the
Board of Directors are made by shareholders of the Company.
The Policy fixes a deadline by which director nominations must be
submitted to the Company prior to any annual or special meeting of
shareholders and sets forth the information that must be included
in the notice to the Company. No person will be eligible for
election as a director of the Company unless nominated in
accordance with the Policy.
In the case of an annual meeting of
shareholders, notice to the Company must be made not less than 30
days and not 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
called for the purpose of electing directors (whether or not called
for other purposes), 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.
The full text of the Policy is available under
the Company's profile at www.sedar.com and on the Company's website
(www.fmgoldcorp.com) or upon request by contacting the Company's
Corporate Secretary, Nicole Wood, at
(604)-681-7265.
The Policy is in effect as at the date of this
news release. Pursuant to the terms of the Policy, the
Company will seek shareholder ratification of the Policy at its
next annual general meeting of shareholders (the "Meeting"),
scheduled to be held on June 4,
2013. If the Policy is not confirmed at the Meeting,
the Policy will terminate and be of no further force and effect
following the termination of the Meeting.
OF THE BOARD OF DIRECTORS OF
FIRST MEXICAN GOLD CORP.
"Jim Voisin"
Jim Voisin,
President & 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.
SOURCE First Mexican Gold Corp.