Titanium Calls Annual General Meeting and Adopts Advance Notice By-Law
December 19 2013 - 5:24PM
Marketwired
Titanium Calls Annual General Meeting and Adopts Advance Notice
By-Law
CALGARY, ALBERTA--(Marketwired - Dec 19, 2013) - Titanium
Corporation Inc. (TSX-VENTURE:TIC) ("Titanium" or the "Company")
announced that it has called the annual and special meeting of
shareholders of the Company to be held at 10:00 a.m. (Toronto time)
on Thursday, January 23, 2014 at the Toronto Board of Trade, 1
First Canadian Place, Suite 350, Toronto, Ontario.
Titanium also announced that the board of directors of Titanium
(the "Board") has approved the adoption of an advance notice by-law
(the "Advance Notice By-law"). The Advance Notice By-law sets forth
provisions requiring advance notice to the Company in circumstances
where nominations of persons for election to the Board are made by
shareholders of the Company other than pursuant to: (i) a
"proposal" made in accordance with the Canada Business
Corporations Act (the "Act"); or (ii) a requisition of the
shareholders made in accordance with the Act. More specifically,
the Advance Notice By-law fixes a deadline by which holders of
record of common shares of Titanium must submit director
nominations to the corporate secretary of the Company prior to any
annual or special meeting of shareholders and sets forth the
specific information that a shareholder must include in the written
notice to the corporate secretary of the Company for an effective
nomination to occur. No person will be eligible for election as a
director of the Company unless nominated in accordance with the
provisions of the Advance Notice By-law.
In the case of an annual meeting of shareholders, notice to the
corporate secretary of the Company must be made not less than 30
nor more than 65 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
50 days after the date on which the first public announcement of
the date of the annual meeting was made (the "Notice Date"), notice
by the nominating shareholder may be made not later than the close
of business on the 10th day following the Notice Date.
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 other purposes), notice to the
corporate secretary of 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 of
shareholders was made.
The Advance Notice By-law is now effective and in full force and
effect. The Advance Notice By-law will be put to shareholders of
the Company for approval at its upcoming annual and special meeting
of shareholders scheduled for January 23, 2014. If the Advance
Notice By-law is not confirmed at the meeting by ordinary
resolution of shareholders, the Advance Notice By-law will
terminate and be of no further force and effect following the
termination of the shareholders meeting.
The full text of the Advance Notice By-law is available via
SEDAR at www.sedar.com or upon request by contacting the
Company.
About Titanium
Corporation Inc.
Titanium Corporation Inc. is commercializing proprietary
technology to recover heavy minerals and residual bitumen and
solvents contained in the waste tailings streams from oil sands
mining operations near Fort McMurray, Alberta. This technology has
the potential to deliver incremental revenue to existing oil sands
producers by enhancing bitumen recovery while developing the first
ever commercial production of valuable minerals from Canada's oil
sands and reducing environmental impacts of oil sands tailing. The
combined benefits of the Company's technology would enhance the
value and reputation of oil sands resources. The Company's shares
trade on the TSX-V under the symbol "TIC". For more information
visit the Company's website at
www.titaniumcorporation.com.
Disclosure
regarding forward-looking statements
This press release contains forward-looking statements. More
particularly, this press release contains statements concerning the
anticipated date of the Company's annual and special shareholders
meeting and the anticipated shareholder approval of the Advance
Notice By-law. Although the Company believes that the expectations
reflected in these forward-looking statements are reasonable, undue
reliance should not be placed on them because the Company can give
no assurance that they will prove to be correct. Since
forward-looking statements address future events and conditions, by
their very nature they involve inherent risks and uncertainties.
The Company's annual and special meeting may be delayed.
Shareholders may not approve the Advance Notice By-law.
Accordingly, there is a risk that the Advance Notice By-law will
only be in force for a brief period of time.
The forward-looking statements contained in this press
release are made as of the date hereof and the Company undertakes
no obligation to update publicly or revise any forward-looking
statements or information, whether as a result of new information,
future events or otherwise, unless so required by applicable
securities laws.
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.
Titanium Corporation Inc.Scott NelsonPresident & CEO(403)
561-0439snelson@titaniumcorporation.comTitanium Corporation
Inc.Andreas CurkovicInvestor Relations(416)
577-9927acurkovic@titaniumcorporation.com
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