GFM Announces Annual General Meeting, Record Date and Adopts Advance Notice By-Law
May 16 2014 - 4:01PM
Marketwired
GFM Announces Annual General Meeting, Record Date and Adopts
Advance Notice By-Law
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 16, 2014) - GFM
Resources Limited (the "Corporation") (TSX-VENTURE:GFM.H) is
pleased to announce that it will hold an annual general meeting of
shareholders (the "AGM") on June 24, 2014. The record date for
shareholders entitled to vote at the AGM is May 8, 2014.
The Corporation also announces that the board of directors of
the Corporation (the "Board") has approved a new by-law to provide
for advance notice provisions (the "Advance Notice By-Law") which
require that advance notice be provided to the Corporation in
circumstances where nominations of persons for election to the
Board are made by shareholders of the Corporation other than
pursuant to: (i) a requisition of a meeting of shareholders made
pursuant to the provisions of the Business Corporations
Act (Yukon); or (ii) a shareholder proposal made pursuant to
the provisions of such Act.
The purpose of the Advance Notice By-Law is to foster a variety
of interests of the shareholders and the Corporation by ensuring
that all shareholders, including those participating in a meeting
by proxy rather than in person, receive adequate notice of the
nominations to be considered at a meeting and can thereby exercise
their voting rights in an informed manner. In addition, the Advance
Notice By-Law should assist in facilitating an orderly and
efficient meeting process, provides shareholders, directors and
management of the Corporation with a clear framework for nominating
directors. Among other things, the Advance Notice By-Law fixes a
deadline by which shareholders must submit director nominations to
the Corporation prior to any meeting of shareholders and sets forth
the minimum information that a shareholder must include in the
notice to the Corporation for the notice to be in proper written
form.
In the case of an annual meeting of shareholders, notice to the
Corporation must be made not less than 30 days nor more than 65
days prior to the date of the annual meeting; provided, however,
that in the event 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 Corporation 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 Advance Notice By-Law has been approved by the Board and
will be placed before shareholders at the AGM for ratification. For
purposes of the AGM, in accordance with the terms of the Advance
Notice By-Law, the Board has determined that notice of nominations
of persons for election to the Board at the AGM must be made by
June 2, 2014. Such notice must be in the form, and given in the
manner, prescribed by the Advance Notice By-Law, and the President
of the Corporation has stipulated pres@goldentag.ca as an email
address for receipt of such a notice. 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 press
release.
GFM Resources LimitedSalvador MirandaChief Financial Officer+1
604 806-6110+1 604 806-6112
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