EPM Mining Adopts Advance Notice Provision to By-Laws S
29 4월 2014 - 8:27AM
Marketwired
EPM Mining Adopts Advance Notice Provision to By-Laws S
TORONTO, ONTARIO--(Marketwired - Apr 28, 2014) - EPM Mining
Ventures Inc. ("EPM" or the "Company")
(TSX-VENTURE:EPK)(OTCQX:EPKMF) is pleased to announce that it will
hold its annual and special meeting (the "Meeting") of shareholders
at 4:30 p.m. (Toronto time) on June 23, 2014. The Company has fixed
May 23, 2014 as the record date for determining shareholders
entitled to vote at the Meeting.
The Company is also pleased to announce that its board of
directors (the "Board") has approved amendments to the Company's
by-laws to include an advance notice provision (the "Provision")
which requires 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) the
requisition of a meeting, or (ii) a shareholder proposal, both made
pursuant to the provisions of the Business Corporations
Act (Yukon) (the "Act").
Among other things, the Provision fixes a deadline by which
holders of record of common shares of the Company must submit
director nominations to the Company prior to any annual or special
meeting of shareholders and sets forth the information that a
shareholder must include in the notice to the Company.
In the case of an annual meeting of shareholders, notice to the
Company must be provided 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 called for 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 provided no 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.
For the Meeting, any notice delivered to the Company prior to the
close of business on May 23, 2014 shall be deemed to have been
timely delivered.
The Company believes that adopting the Provision is considered
to be good corporate governance. The Provision provides a clear
process for shareholders to follow for director nominations and
sets out a reasonable time frame for nominee submissions and the
provision of accompanying information. The purpose of the Provision
is to treat all shareholders fairly by ensuring that all
shareholders 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 Provision should
assist in facilitating an orderly and efficient meeting
process.
The amended by-laws, which include the Provision, are effective
as of the date they were approved by the Board of Directors, being
April 25, 2014. In accordance with the Act, the amendments to the
Company's by-laws are subject to confirmation by shareholders at
its next annual meeting of shareholders.
A copy of the Provision, will be available under the Company's
profile on SEDAR at www.sedar.com and on Company's website.
About EPM Mining
Ventures
EPM is an exploration-stage company focused on specialty
fertilizers. Through Peak Minerals Inc., its indirect wholly-owned
subsidiary, EPM controls directly or through agreement mineral
leases on more than 124,000 acres on its Sevier Lake Playa property
in Millard County, Utah. With a brine resource known to contain
potassium, magnesium, sulphate, lithium and a suite of other
beneficial minerals, EPM is targeting the development and
production of specialty fertilizers, including SOP, through the use
of a cost-effective solar evaporation process. SOP and other
specialty fertilizers are used in the production of high value,
chloride-sensitive crops such as fruits, vegetables, and tree nuts.
With the recent completion of a Preliminary Feasibility Study, the
Company is currently engaged in engineering and analysis designed
to support a feasibility study, environmental permitting, and
ultimately mineral production.
For more information, please visit our web site at
www.epmmining.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.
EPM Mining Ventures Inc.Lance D'AmbrosioChief Executive
Officer(801) 485-0223www.epmmining.com
(TSXV:EPK)
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