Orovero Adopts Advance Notice Policy
18 February 2014 - 11:00PM
Business Wire
Orovero Resources Corp. (TSX-V: OVR, Frankfurt: GA0,
“Orovero” or the “Company”) has adopted a new policy that
requires advance notice to Orovero for nominations of directors
other than by management, through a requisition for a meeting or by
way of a shareholder proposal.
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 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 tenth 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 new policy is intended to: (i) facilitate an orderly and
efficient annual general or special meeting process; (ii) ensure
that all shareholders receive adequate notice of the director
nominations and sufficient information regarding all director
nominees; and (iii) allow shareholders to register an informed vote
after having been afforded reasonable time for appropriate
deliberation.
The policy is effective immediately and will be placed before
Orovero’s shareholders for approval at its next annual general
meeting of shareholders.
About Orovero Resources Corp.
Orovero is preparing a comprehensive study to develop its
first gold ore processing operation in Peru. The Company will look
to purchase high-grade ore from small and artisanal miners who are
legally compliant, and then process it for sale. The Company’s
initial focus is Peru but looks to expand with additional
facilities throughout Latin America in the future. In addition, the
Company has a portfolio of highly prospective exploration
properties including its flagship property called Rio Tabaconas
located in Northern Peru.
ON BEHALF OF THE BOARD
“Len Clough”
_______________________________________Mr. Len Clough, Chairman,
President, CEO and Director
For further information please contact:
Mr. Shawn Perger, Corporate CommunicationsTel:
1-604-687-1828Email: info@oroveroresources.com
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.
This news release contains certain statements that may be deemed
“forward-looking” statements. Forward looking statements are
statements that are not historical facts and are generally, but not
always, identified by the words “expects”, “plans”, “anticipates”,
“believes”, “intends”, “estimates”, “projects”, “potential” and
similar expressions, or that events or conditions “will”, “would”,
“may”, “could” or “should” occur and include, without limitation,
statements regarding the Company’s plans with respect to statements
about the Company’s ability to fund and execute the proven ore
processing business model outlined in this news release. Although
Orovero believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results may differ
materially from those in forward looking statements. Forward
looking statements are based on the beliefs, estimates and opinions
of the Company’s management on the date the statements are made.
Except as required by law, the Company undertakes no obligation to
update these forward-looking statements in the event that
management’s beliefs, estimates or opinions, or other factors,
should change.
Orovero Resources Corp.Mr. Shawn Perger, 1-604-687-1828Corporate
Communicationsinfo@oroveroresources.com
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