VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/23/13 -- New Hana Copper Mining Ltd. (the "Company" or "New Hana") (TSX VENTURE: HML) announces that the Company's consolidated financial statements and management's discussion and analysis for the year ended January 31, 2013 have been filed.
New Hana's 2013 financial results are available on SEDAR at www.sedar.com.
ADVANCE NOTICE POLICY
The Company announces the approval and adoption by its Board of Directors of an advance notice policy. The purpose of the adoption is to put in place a policy which provides a clear process for shareholders, directors and management to follow when nominating directors of the Company. Such a policy will ensure that shareholders receive adequate notice of the directors nominations and sufficient information regarding all director nominees and allow shareholders to come to an informed decision.
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 sets a deadline by which director nominations must be submitted to the Company prior to any annual or special meeting of the shareholders and also sets out the required information that must be included in the notice to the Company. Unless the Policy is followed no person will be eligible for election as a director of New Hana.
In the case of an annual general meeting of the shareholders, notice to the Company must be made not less than 30 days and not more than 65 days prior to the date of the annual meeting. If the annual meeting is being held on a date that is less than 50 days following the date on which the first public announcement of the 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 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.
Notwithstanding the forgoing, the Board of Directors may, in its sole discretion, waive any requirement.
The Policy is in effect as at the date this news release and the Company intends to seek shareholders' approval to adopt the Policy into the Company's articles at its annual general meeting scheduled for later this year.
The full text of the policy is available on SEDAR and www.sedar.com.
ABOUT NEW HANA:
New Hana Copper Mining Ltd., has an exploration stage project, "The Kuke Project " located in the center of the Kalahari Copper belt in Northwestern Botswana adjacent to and along strike to Hana Mining's ( Hana") Ghanzi Copper-Silver Project.
Certain information, other than purely historical information, contained in this news release may be deemed "forward-looking" including information relating to the adoption of the Policy by the shareholders of the Company. These statements relate to future events and reflect New Hana's expectation regarding future corporate affairs of the Company. These forward-looking statements also reflect New Hana's current expectations or beliefs and are based on information currently available to New Hana. Although New Hana believes that the forward-looking information contained in this new release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements and the forward-looking information is subject to all of the risks and uncertainties inherent in resource exploration and development. Accordingly readers are cautioned against placing undue reliance on the forward-looking information. New Hana expressly disclaims any intention or obligation to update or revise anyforward-looking information, whether as a result of new information, events or otherwise, except in accordance with securities law.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
New Hana Copper Mining Ltd.
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