Pinecrest Adopts Advance Notice Policy for Directors Nominations

Pinecrest Resources Ltd. ("Pinecrest") (TSX VENTURE:PCR) announces that at its
annual and special meeting held on April 4, 2013, the shareholders of the
Company approved an advance notice policy (the "Policy"), for the purpose of
providing shareholders, directors and management of Pinecrest with a clear
framework for nominating directors. The Policy is meant to: (i) facilitate an
orderly and efficient annual general or, where the need arises, special meeting,
process; (ii) ensure all shareholders receive adequate notice of the director
nominations and sufficient information with respect to all nominees; and (iii)
allow shareholders to register an informed vote having been afforded reasonable
time for appropriate deliberation.


The Policy contains a provision that requires advance notice to Pinecrest in
circumstances where nominations of persons for election to the board of
directors are made by shareholders of Pinecrest. The Policy fixes deadlines by
which holders of record of common shares of Pinecrest must submit director
nominations to Pinecrest prior to any annual or special meeting of shareholders
and sets forth the information that a shareholder must include in the notice to
Pinecrest for an effective nomination to occur. No person will be eligible for
election as a director of Pinecrest unless nominated in accordance with the
provisions of the Policy.


The deadline for notice to Pinecrest in the case of an annual meeting of
shareholders is 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 (which is not also an annual meeting) of
shareholders called for the purpose of electing directors (whether or not called
for any other purposes), the deadline for notice to Pinecrest is 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.


The board of directors of the Company has determined that the Policy is
effective, and in full force and effect as of April 4, 2013.


The full text of the Policy is available via SEDAR under Pinecrest's issuer
profile at www.sedar.com or upon request by contacting the Corporate Secretary
at 604-628-1012.


ON BEHALF OF THE BOARD

Edward Farrauto, CGA, President and CEO 

Forward-Looking Statements: Statements in this release that are forward-looking
statements are subject to various risks and uncertainties concerning the
specific factors disclosed and elsewhere in the company's periodic filings with
Canadian securities regulators. Such information contained herein represents
management's best judgment as of the date hereof based on information currently
available. Pinecrest does not assume the obligation to update any
forward-looking statements. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pinecrest Resources Ltd.
Corporate Secretary
604-628-1012

Pinecrest Resources (TSXV:PCR)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024