HDG High Desert Gold Corporation

High Desert Gold Corporation (the" Company") (TSX VENTURE:HDG)(OTCQX:HDGCF)
announced today the adoption by its board of directors of amendments to its
by-laws to include advance notice provisions, the purpose of which is to require
that advance notice be provided to the Company in circumstances in which
nominations of persons for election to the board of directors of the Company are
made by shareholders other than pursuant to the requisition of a meeting or a
shareholder proposal in accordance with the Canada Business Corporations Act.


Among other things, the by-law amendment fixes a deadline by which shareholders
must provide notice to the Company of nominations for election to the board 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 no later than the close of business
on the 15th day following the date on which the first public announcement of the
date of the special meeting was made.


Ralph Fitch, President and CEO of the Company said, "the advance notice by-law
provides a clear process for shareholders to follow to nominate directors and
sets out a reasonable time frame for nominee submissions along with requirements
for accompanying information. The purpose is to ensure that shareholders are
well-informed about director nominees and that shareholders are able to vote in
an informed manner after having been afforded reasonable time for appropriate
deliberation."


The by-law amendment is effective immediately. In accordance with the Canada
Business Corporations Act, the amendment will be subject to confirmation by
shareholders at the Company's next shareholder meeting. 


A copy of the amendment, containing the full details of the advance notice
provisions has been filed under the Company's profile on SEDAR at www.sedar.com.


ABOUT HIGH DESERT GOLD CORPORATION

The Company is a mineral exploration company that acquires and explores mineral
properties, primarily gold, copper and silver, in North America. The major
properties held by HDG are the Gold Springs gold project situated along the
border between Utah and Nevada and the San Antonio project in Sonora, Mexico.
The Company also has a 30.5% interest in the Canasta Dorada property in Sonora,
Mexico, through its equity interest in Highvista Gold Inc. There has been
insufficient exploration to define a property-wide mineral resource at Gold
Springs and at San Antonio and it is uncertain if further exploration will
result in the targets at these two projects being delineated as a mineral
resource.


FOR FURTHER INFORMATION PLEASE CONTACT: 
High Desert Gold Corporation
Richard Doran
Executive Vice President
(303) 584-0608
(303) 758-2063 (FAX)

High Desert Gold Corporation (TSXV:HDG)
Historical Stock Chart
From Jun 2024 to Jul 2024

High Desert Gold Corporation (TSXV:HDG)
Historical Stock Chart
From Jul 2023 to Jul 2024