Edgewater Adopts Advance Notice Policy

Edgewater Exploration Ltd. (TSX VENTURE:EDW)(OTCQX:EDWZF) ("Edgewater" or the
"Company") announces the approval by its board of directors of an advance notice
policy (the "Policy"). The purpose of the Policy is to (i) facilitate an orderly
and efficient annual general meeting or, where the need arises, 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, among other things, includes a provision that requires advance
notice to the Company in certain circumstances where nominations of persons for
election to the board of directors are made by shareholders of the Company. The
Policy fixes a deadline by which director nominations must be submitted to the
Company prior to any annual or special meeting of shareholders and sets forth
the information that must be included 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 days 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, called for the purpose of electing directors (whether or not called for
other purposes), 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 Policy is in effect as at the date of this news release. Pursuant to the
terms of the Policy, the Company will seek shareholder ratification of the
Policy at its next annual general meeting of shareholders (the "Meeting")
scheduled for May 23, 2013. If the Policy is not confirmed at the Meeting, the
Policy will terminate and be of no further force and effect following the
termination of the Meeting. The full text of the Policy is available under the
Company's profile at www.sedar.com and on the Company's website
www.edgewaterx.com or upon request by contacting the Company's Chief Financial
Officer, Edward Farrauto at (604)-628-1010.


Subject to regulatory approval The Company has granted 350,000 stock options to
an officer of The Company. The options are at an exercise price of $0.50 per
share and valid for a period of five years from the date of grant.


About Edgewater Exploration Ltd.

Edgewater is a mineral development and exploration company focused on the
development of precious metal properties. Edgewater has an experienced mine
building and operating team with a track record of success. The Company is
currently developing the Corcoesto Gold Project in northwest Spain, and
exploring the Enchi Gold Project in Ghana, West Africa.


On behalf of the board of EDGEWATER EXPLORATION LTD.

George Salamis, President and CEO

FOR FURTHER INFORMATION PLEASE CONTACT: 
Edgewater Exploration Ltd.
Ryan King
Vice President
(604) 628-1012
rking@edgewaterx.com
www.edgewaterx.com

Edgewater Exploration Ltd. (TSXV:EDW)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024