Maritime Reports Appointment of Interim CEO/President and Adoption of Advance Notice Policy
12 June 2014 - 6:29AM
Marketwired
Maritime Reports Appointment of Interim CEO/President and Adoption
of Advance Notice Policy
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 11, 2014) -
Maritime Resources Corp. (the "Company") (TSX-VENTURE:MAE) - The
Board of Directors reports the appointment of Douglas Fulcher as
interim Chief Executive Officer and interim President effective
June 11, 2014, in place of Eric W. Norton. Mr. Norton will remain
as a director of the Company.
Advance Notice Policy
The Company reports the approval and adoption by its board of
directors (the "Board of Directors") of an advance notice policy
(the "Policy") on June 11, 2014, which Policy, among other things,
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: (i) a requisition of a meeting made pursuant to
the provisions of the Business Corporations Act (British
Columbia) (the "Act"); or (ii) a shareholder proposal made pursuant
to the provisions of the Act.
Among other things, the Policy 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 the 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 30 nor 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 (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.
The Policy is effective as of the date it was approved. The full
text of the Policy is available via SEDAR at www.sedar.com or upon
request by contacting the Corporate Secretary of the Company at
(604) 685-5254 or by e-mail at info@maritimeresources.com.
About Maritime Resource
Corp.:
Maritime Resources holds 100% of the Green Bay property, located
near Springdale, Newfoundland. The property hosts the past
producing Hammerdown gold mine and newly discovered Orion gold
deposit. In addition, the property hosts the Lochinvar base
metals/precious metals deposit.
On behalf of the Board of Directors,
David J. McCue, Chairman
The TSX Venture Exchange does not accept responsibility for
the adequacy or accuracy of this release. Statements in this press
release, other than purely historical information, including
statements relating to the Company's future plans and objectives or
expected results, may include forward-looking statements.
Forward-looking statements are based on numerous assumptions and
are subject to all of the risks and uncertainties inherent in
resource exploration and development. As a result, actual results
may vary materially from those described in the forward-looking
statements.
Maritime Resources Corp.Cathy DiVitoInvestor Relations(604)
484-7111info@maritimeresourcescorp.com
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