VANCOUVER, May 28, 2013 /CNW/ - Gold Mountain Mining
Corporation ("Gold Mountain") announces that the Board of Directors
has approved the adoption of an advance notice policy (the
"Policy"), for the purpose of providing shareholders, directors and
management of Gold Mountain with a clear framework for nominating
directors. The Policy is meant to: (i) facilitate an orderly
and efficient annual general or, where the need arises, special
meeting, process; (ii) ensure all shareholders receive adequate
notice of the director nominations and sufficient information with
respect to all nominees; and (iii) allow shareholders to register
an informed vote having been afforded reasonable time for
appropriate deliberation.
The Policy contains a provision that requires
advance notice to Gold Mountain in circumstances where nominations
of persons for election to the board of directors are made by
shareholders of Gold Mountain. The Policy fixes deadlines by which
holders of record of common shares of Gold Mountain must submit
director nominations to Gold Mountain prior to any annual or
special meeting of shareholders and sets forth the information that
a shareholder must include in the notice to Gold Mountain for an
effective nomination to occur. No person will be eligible for
election as a director of Gold Mountain unless nominated in
accordance with the provisions of the Policy.
The deadline for notice to Gold Mountain in the
case of an annual meeting of shareholders is not less than
55 days prior to the date of the annual meeting of
shareholders; provided, however, that in the event that the annual
meeting of shareholders is to be held on a date that is less than
65 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 (which is not
also an annual meeting) of shareholders called for the purpose of
electing directors (whether or not called for any other purposes),
the deadline for notice to Gold Mountain is 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.
At the annual and special meeting to be held on
June 25, 2013, the shareholders of
the Company will be asked to ratify and confirm the adoption of the
Policy. The Board has determined that the Policy is
effective, and in full force and effect as of May 24, 2013.
The full text of the Policy is available via
SEDAR under Gold Mountain's issuer profile at www.sedar.com or upon
request by contacting the Chief Executive Office at
604-558-4653.
ON BEHALF OF THE BOARD
"Chris McLeod" (signed)
Chris McLeod, President &
CEO
Neither 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.
This release may include certain statements
that may be deemed to be "forward-looking statements". All
statements in this release, other than statements of historical
facts, that address events or developments that management of the
Company expect, are forward-looking statements.
SOURCE Gold Mountain Mining Corporation