VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/11/13 -- CuOro Resources Corp. (TSX VENTURE: CUA)(FRANKFURT: 6BC) ("CuOro" 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 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 August 16, 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.cuororesources.com or upon request by contacting the Company at #1305 - 1090 W. Georgia Street, Vancouver, BC, V6E 3V7, telephone 604-685-9316.
About CuOro Resources Corp
CuOro aims to identify mineral properties that have significant potential to develop large-scale resources in well-established and mining receptive jurisdictions such as Colombia. Management looks to leverage its exploration and development expertise to bring additional value to shareholders and to reduce development risk and expense through its focus on community relations, corporate and social responsibility. The Company will continue to look for additional opportunities that can bring value to the Company and its shareholders. The company is committed to upholding the highest environmental and social standards while focusing on delivering the financial growth that its shareholders expect.
For further information regarding CuOro, see CuOro's disclosure documents on SEDAR at www.sedar.com.
On Behalf of the Board of Directors of CuOro,
Marc Cernovitch, President & CEO
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
Apex Capital Inc.
Most Popular Stories
- Illinois Issues Fracking Rules
- Americans Still Pessimistic Despite Economic Growth
- Detroit Muslim Conference Stirs Controversy
- Canada, Russia Go to War (on Twitter)
- Echeveste Steps Down, Perez Steps Up at VPE
- Startups Offer Smartphone Banking Apps
- Hip-Hop Takes Up Ferguson Cause
- 'Longmire' Cancelled, Looks for New Network
- Clippers Deal Started With 2 Numbers
- Immigration Delay Throws Both Parties a Curve