Macusani Yellowcake Announces Proposed Changes to Director Nominations at AGM
26 March 2014 - 7:48AM
Marketwired
Macusani Yellowcake Announces Proposed Changes to Director
Nominations at AGM
TORONTO, ONTARIO--(Marketwired - Mar 25, 2014) - Macusani
Yellowcake Inc. (the "Company") (TSX-VENTURE:YEL)(FRANKFURT:QG1)
has recently mailed and filed proxy materials in connection with
its annual meeting to be held on April 7, 2014. The proxy materials
contemplate the nomination of Alan Ferry, Peter Hooper, Laurence
Stefan, J.P. Chauvin, Robert Boaz and Aaron Keay for election as
directors at the annual meeting. Subsequent to the mailing and
filing of the proxy materials, Mr. Hooper and Mr. Boaz have decided
not to stand for re-election, and it is proposed that Mr. Richard
Patricio and Mr. Marc Henderson be nominated for election at the
meeting instead.
Mr. Patricio is Vice President Legal and Corporate Affairs at
Pinetree Capital Ltd., a Toronto-based diversified investment,
financial advisory and venture capital firm. Mr. Patricio is
responsible for merger and acquisition activity, corporate
transactions, compliance, corporate governance and the
administration of Pinetree. Mr. Patricio currently holds
directorships with several Canada-based resource companies. Mr.
Patricio previously practiced law at a large Canadian law firm. Mr.
Patricio received his law degree from Osgoode Hall and was called
to the Ontario bar in 2000.
Mr. Henderson has more than 20 years of experience as Chief
Executive Officer of junior public mining companies. Mr. Henderson
is currently the President & Chief Executive Officer of
Laraminde Resources Ltd., a Canadian public company engaged in the
exploration and deveopment of uranium assets in the United States
and Australia. Mr. Henderson previously served as President of
Aquiline Resources Inc., which was developing the Navidad silver
project in Argentina prior to being acquired by Pan American Silver
in January 2010. He also previously served as President of
MineFinders (1987 to 1994), responsible for acquiring the Delores
property (Mexico), a silver/gold property now in production. Mr.
Henderson is a Chartered Financial Analyst, and he holds an
economics degree from the University of Colorado.
The form of management proxy previously distributed to
registered shareholders in connection with the annual meeting
provides management with discretionary authority to vote on
amendments or variations to matters coming before the meeting and
it is intended that all such proxies will be voted FOR the two new
proposed director nominees. If a registered shareholder has
submitted a management proxy and does not wish the proxy to be
voted in this manner, they may revoke their proxy by personally
attending the meeting and voting their shares or by depositing an
instrument in writing, including a proxy bearing a later date,
either at the office of the Company's transfer agent, TMX Equity
Transfer Services, 200 University Avenue, Suite 300, Toronto,
Ontario M5H 4H1 or the head office of the Corporation at Suite
1200, 141 Adelaide Street West, Toronto, Ontario M5H 3L5 at any
time up to and including the last business day preceding the date
of the meeting, or by depositing the instrument in writing with the
Chairman on the day of the meeting, or in any other manner
permitted by law. Only registered shareholders may revoke a proxy.
Non-registered shareholders who wish to change their vote must, at
least seven days before the meeting, arrange for their respective
nominees to revoke the proxy on their behalf.
About Macusani Yellowcake
Macusani Yellowcake Inc. is a Canadian uranium exploration and
development company focussed on the exploration of its properties
on the Macusani Plateau in southeastern Peru. The Company owns a
99.5% interest in concessions that cover over 90,000 hectares (900
km2) and are situated near significant infrastructure. Macusani
Yellowcake is listed on the TSX Venture Exchange under the symbol
'YEL' and the Frankfurt Exchange under the symbol 'QG1'. The
Company has 159,473,613 shares outstanding. For more information
please visit www.macyel.com.
Neither 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.
Macusani Yellowcake Inc.Laurence StefanPresident and
CEO+1-416-628-9600laurence@macyel.comwww.macyel.comFacebook:
www.macyel.com/facebook/Twitter: www.twitter.com/macusani/
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